5272 Maplewood Street
Detroit, MI, 48204 $ 189,900
Baths2.0 Sq 1,900 Monthly Estimate*
$ 1,185
Studio for $189,900 with 2 full baths. This 1,900 square foot home was built in 1921 on a lot size of 0.1.
Unmissable opportunity to acquire a turnkey, cash-flowing duplex with exceptional tenants. This meticulously maintained property is the perfect addition to any serious investment portfolio. Current rents are $1,930 total, with a significant value-add opportunity to immediately adjust to the market rate of $2,400 total, unlocking maximum cash flow and the potential for a 14% Cash-on-Cash ROI! Two spacious units, each featuring 2 bedrooms and 1 full bath, plus a desirable and highly functional and attractive layout; ?Living Room, ?Formal Dining Room, ?Eat-in Kitchen, ?Dedicated Den/Office, ?Separate basement storage units and utility areas. Benefit from performing, clean, and cooperative tenants who pay on time and meticulously handle snow removal and lawn care—drastically reducing your operating expenses and management headaches! This property boasts extensive, high-cost updates, minimizing future capital expenditures: ?Major Systems Updated: Newer Roof (2018), Newer Vinyl Windows, Updated Electrical Fixtures, Updated Plumbing, and Updated Mechanicals. Refinished and maintained hardwood floors, glass block windows, updated gutters, and new doors. Tenants pay for their own Gas and Electric. Both tenants contribute to a DTE Home Protection Plan covering the Furnace and Hot Water Tank! This is a rare, low-stress, high-performing asset. Seize the chance to immediately boost your portfolio's performance!
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FeaturesGeneralSewer PublicSewer
Heating ENERGYSTARQualifiedFurnaceEquipment NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial
Pool Features None
Construction Materials Brick MetalSiding VinylSiding
Pets Allowed CatsOk DogsOk
Year Built 1921
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 19580.0
Operating Expense 3580.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name JOSEPH TIREMANS SUB OF O L 4 5 & 6
Garage Y/N N
Full Baths 2
Status Active
Directions S of I 96/E of Livernois
City DetroitCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 1056.5
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 8451
Expected Active Date 2025-12-14
Legal Description N MAPLEWOOD E 5 FT 57 56 BLK 5 JOSEPH TIREMANS SUB L24 P94 PLATS W C R 16/179 35 X 120.27A
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InteriorBasement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 1900.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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ExteriorParking Features OnStreet
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 35X120.27
Lot Size Acres 0.1
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $1,185
- Monthly Property Taxes
- $88
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $229,390
Percent of Sale Price 21%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/14/2025 | $189,900 | | Listed Price |