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About This Home
This 10-bedroom, 0-bathroom residential multi family at 1094 Waterman Street in Detroit, MI is listed for $374,900. Built in 1925, on a 0.14 acres lot.
Prime Southwest Detroit Investment Opportunity! This fully occupied 4-unit brick multifamily building offers strong, consistent rental income with a desirable mix of spacious 2- and 3-bedroom units. Each unit features both front and rear private entrances, adding convenience and tenant appeal, along with shared basement space for additional storage and functionality.
Recent capital improvements include a newer roof, updated windows, and select mechanical upgrades, providing peace of mind and reduced maintenance costs for the next owner. Located in Southwest Detroit, this property benefits from strong rental demand, proximity to major thoroughfares, local dining, shopping, and employment hubs. Ideal for both seasoned investors and those expanding their multifamily portfolio, this income-producing asset delivers immediate cash flow.
Key Features
- Built in 1925
- 0.14 acre lot
- 6 parking spaces
Property Details
Monthly Cost Estimate
$2,005/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1094 Waterman Street
Detroit, MI 48209
Property Details
Construction
Heating
Questions & Answers
This 10-bedroom, 0-bathroom residential multi family at 1094 Waterman Street is listed at $374,900. The estimated monthly payment is $1,625 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.14 acre lot, 6 parking spaces.
This property is listed by Randi Brandt-Alves and can be reached at 8109230245 or randi@adroitrealty.us.