**INVESTORS** Add this cash-flowing 2-unit multi-family located on the lovely Grandmont-Rosedale neighborhood to your rental portfolio today! The lower unit has a long-term tenant (5+ years) on a lease thru 1/31/2026, paying $850/month until 2/1/2025 and then $875/month for the remainder of the lease term. The property features separate gas and electric meters, forced air heating, updated 100 amp electrical panels, a completely new PVC sewer line, vinyl windows, separate basements, PEX & PVC plumbing, and much more! The upper unit requires light cosmetics to get it into rental condition, but rents for similar units are going for as high as $1,350/month for Sec. 8 tenants. This property is located in the Northwest/Grand River Strategic Neighborhood Fund area, which has see multiple streetscapes revamped and improved, hundreds of homes rehabbed and brought back to productive use, and inflow of new homeowners, and millions in public and private investment with more to come!
This property is $58.8K more than the Median Sold Price and $18/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20230062324
Listing Office:
Office Name: RE/MAX Leading Edge
Office Phone: (734) 404-8800
Listing Agent: Ryan E Kain
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
5
/10
Rutherford Winans Academy
16411 Curtis St
Distance between this listing and this school1.82 miles
Public Charter Grades PK-5
5
/10
Detroit Innovation Academy
18211 Plymouth Rd
Distance between this listing and this school1.83 miles
Public Charter Grades KG-6
3
/10
Old Redford Academy - Elementary School
17195 Redford St
Distance between this listing and this school3.02 miles
Public Charter Grades PK-5
Nearby Schools
6
/10
Detroit Achievement Academy
15000 Southfield Fwy
Distance between this listing and this school0.57 miles
Public Charter Grades KG-8
2
/10
Burns Elementary-Middle School
14350 Terry St
Distance between this listing and this school0.85 miles
Public District Grades PK-8
4
/10
Lincoln-King Academy
13436 Grove St
Distance between this listing and this school1.98 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Old Redford Academy - High School
8001 W Outer Dr
Distance between this listing and this school1.64 miles
Public Charter Grades 9-12
3
/10
University Yes Academy
14717 Curtis St
Distance between this listing and this school2.08 miles
Public Charter Grades KG-12
3
/10
Detroit Community Schools-High School
12675 Burt Rd
Distance between this listing and this school2.30 miles
The neighbors living near this home have an average income of $43,377. Residents of Detroit, MI typically earn between $35k-100k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 14615 Mettetal St in Detroit, MI and zip code 48227 in the Upper West neighborhood. This 2,660 square foot home, which was built in 1927, sits on a 0.12 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since March 11, 2024 and is currently priced at $139,900.
While more than 94 listings in Detroit, MI in April 2024 were sold above asking price, there were more than 89 listings sold at asking price, and more than 243 were sold below. Between March 2024 and April 2024, Detroit, MI real estate market has seen increase in the number of listings by 12.7%. In April 2024 median list price was $81,036 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.