19
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$260,000
Est. payment /mo
2 Baths
4,356 Sqft Lot
Active
3273 Cortland Street Detroit, MI 48206
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261032538
HOA Y/N true
Year Built 1924
Annual Tax Amount $3,261
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X120.5
Source Realcomp
Property Description
Turnkey, fully renovated cash-flowing duplex generating $3,000/month ($36,000 annually) in gross rental income. Offered at $255,000, this investment achieves a 1.18% rent-to-price ratio and an attractive 14.1% gross yield. Nearly every aspect of the property has been updated, including a new roof, windows, luxury vinyl plank flooring, fresh interior and exterior paint, kitchens, bathrooms, plumbing, electrical, and mechanicals—making this a truly turnkey investment. Both units feature spacious layouts with 3 bedrooms and 1 bathroom, filled with natural light, high ceilings, and charming architectural character. Updated kitchens and modern tiled bathrooms provide stylish, move-in ready living. Exterior improvements include new front and rear decks, a newly built 2-car garage, and a fully fenced backyard. Current lease provides immediate cash flow and making this an ideal setup for investors or buyers looking to offset their mortgage. Separate gas and electric meters simplify tenant management. Located on a quiet, well-maintained street near downtown, major hospitals, schools, and amenities, with continued neighborhood reinvestment and strong rental demand supporting long-term value. All major updates have been completed, resulting in zero immediate CapEx needs and allowing an investor to step into day-one cash flow.
Location
State MI
County Wayne
Zoning Multi-Family
Direction South of Davison, East of Dexter
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I003833S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by KW Domain