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About This Home
This 16-bedroom, 8-bathroom residential multi family at 13660 Ohio Street in Detroit, MI is listed for $725,000 ($124 per sqft). Built in 1927, the home offers 5,832 sqft of living space on a N/A lot.
Current seller has owned and managed property for last 20 years. Turnkey 8-unit investment opportunity in Detroit's desirable Davison-Schoolcraft neighborhood! This well-maintained multifamily property features 100% occupancy with all units updated and leased.
Each of the eight units offers 2 bedrooms and 1 full bathroom, currently generating $1,000 per month per unit, providing strong and consistent cash flow from day one. Ideally located just off Interstate 96 for easy access throughout Metro Detroit, and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals.
This location supports stable tenant demand and long-term growth potential. Whether you're expanding your portfolio or securing your first multifamily asset, this is a fully occupied, income-producing property with minimal upfront work needed. Sq.Ft source is Realist. Each unit has it's own furnace. Tenants pay electrical and gas. Landlord pays water. Buyer and BA to verify all info. Basement sq ft is estimated based off total sq ft.
Key Features
- Built in 1927
- 2 stories
Property Details
Monthly Cost Estimate
$3,877/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
13660 Ohio Street
Detroit, MI 48238
John M Welch Jrs Wyoming- Schoolcraft
Property Details
Construction
Heating
Questions & Answers
This 16-bedroom, 8-bathroom residential multi family at 13660 Ohio Street is listed at $725,000 ($124/sqft). The estimated monthly payment is $3,142 based on 20% down at 6.5% interest.
Key features include: Built in 1927, 2 stories.
This property is listed by James T Silver and can be reached at (248) 649-7200 or silverteam01@gmail.com.