7406 OAKLAND Street Detroit, MI $ 329,000
7406 OAKLAND Street
$ 329,000
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7406 OAKLAND Street

Detroit, MI, 48211
$ 329,000
Baths4.0 Sq 2,262

Monthly Estimate*

$ 2,298

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Studio

Multi-Family Home for sale in Detroit, MI

for $329,000 with 4 full baths. This 2,262 square foot home was built in 1910 on a lot size of 0.08.

Excellent Air BnB and cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent.

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Multi-Family Active

Price

$ 329,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,909

Style

Lot Size

0.08

Year Built

1910

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60273168

Features
General
Heating Forced Air
Cooling Ceiling Fan(s)
Possession Subject To Tenant Rights
Water Public Water
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1910
Parking On Street
Subdivision STANDISHS (PLATS) MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Percent Ownership Private
Municipality Detroit
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions From I-75 S turn right on E Grand Blvd right on Oakland Ave subject on right
City Detroit
School District Detroit City School District
Street Name OAKLAND
Financial Terms Cash Conventional
Legal Description E OAKLAND 72 STANDISHS SUB L8 P19 PLATS W C R 5/141 30 X 122
DOM 121
Postal Code 48211
Price Per Sq Ft 145.45
Coming Soon Excellent Air BnB and cash flow opportunity! Recently renovated this 4-unit property offers a mix of studio one-bedroom and two-bedroom units
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Exterior
Exterior Aluminum Brick Vinyl Siding
Frontage 30
Lot Size Area 0.08
Lot Dimensions 30.00 x 122.00
Roads Paved Street
Waterfront Y/N No
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Interior
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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* Excluded Features
List By
Jan Dijkers

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

jandsells@gmail.com

Email

Affordability Calculator

$2,457
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,298
Monthly Property Taxes
$159
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$329,000 -3.24% Price Down
11/20/2023$340,000 Listed Price

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7406 OAKLAND Street, Detroit, MI, 48211 is a Multi-Family Home for sale at $329,000 with 2,262 sqft and a lot size of 0.08. 7406 OAKLAND Street is a studio with 4.0 baths and was built in 1910. The property's zip code is 48211 which is in Detroit, MI