10
See all 10 photos
$100,000
Est. payment /mo
2 Baths
3,920 Sqft Lot
New
13202 Monica Street Detroit, MI 48238
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261074173
HOA Y/N true
Year Built 1926
Annual Tax Amount $3,715
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36X108
Source Realcomp
Property Description
Excellent investment or owner-occupant opportunity at 13202 Monica, a solid brick two-unit property offering immediate income with additional rental upside. The lower unit is currently leased at $1,350/month, while the upper unit has a conservative projected rent of approximately $1,150/month, providing an estimated NOI of approximately $25,000 annually based on current and projected rents and estimated operating expenses. Each unit features 2 bedrooms and 1 full bathroom with separate upper and lower living spaces, offering flexibility for both investors and owner-occupants. Continue operating the property as a full investment, or occupy the upper unit while collecting income from the lower unit to help offset housing costs. The property also features a newer roof, full basement, and 2-car garage. Conveniently located near Livernois and Davison with access to major roads, shopping, dining, and surrounding Detroit amenities. With existing rental income, additional income potential, and the flexibility to invest or owner-occupy, 13202 Monica presents a strong opportunity for its next owner. Schedule your private showing today. Please do not disturb the lower-unit tenant. Lower unit is not available for showings and will be shown only to parties with an accepted offer. BATVAI.
Location
State MI
County Wayne
Zoning Multi-Family
Direction North Of Davidson E On Monica
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 W16I021087S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by EXP Realty Main