9521 Brace Street
Detroit, MI, 48228 $ 72,900
Bedrooms2 Baths1.0 Sq 1,882 Monthly Estimate*
$ 455
for $72,900 with 2 bedrooms and 1 full bath. This 1,882 square foot condo was built in 1954 on a lot size of 0.04.
One Unit Turn-Key Cash-Flow Machine in Detroit's Steady Rental Market "" 9521 Brace Street, Detroit, MI 48228 Investors, here's the hassle-free income property you've been searching for "" one that's already working hard for its next owner. This solid brick duplex unit comes with an outstanding tenant who has faithfully paid $1,100 on time every month for nearly two years and shows no signs of leaving. That's $13,200 in dependable gross annual revenue starting the day you close "" zero vacancy, zero rehab, just pure cash flow from the moment the keys are yours. The home itself is a clean, move-in-ready 2-bedroom, 1-bath layout spanning 941 sq ft, thoughtfully updated in 2017 with fresh, modern finishes that still shine. Beautiful hardwood floors flow throughout, natural light pours into the open living spaces, and a private basement delivers bonus storage or future value-add potential. Separate utilities keep your carrying costs low "" the tenant pays their own gas and electric. Location couldn't be stronger: directly across from Cody High School in the heart of the Franklin Park neighborhood, where teachers, hospital staff, and families create constant rental demand. Quick access to I-96, Southfield Freeway, major employers, and everyday shopping makes this spot a renter's favorite year after year. As a condominiumized unit, you own only this income-producing side while enjoying the benefits of duplex living without the full-building headaches. Ideal for expanding your portfolio, 1031 exchanges, or anyone who wants truly passive income backed by a proven nearly-two-year payment history. Clean, tenanted, updated, and already profitable "" opportunities this turn-key don't come around often. Contact us today for rent rolls, lease details, and your private showing. Serious investors only "" 9521 Brace Street is ready to start padding your bottom line immediately. Don't let this one slip away!
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FeaturesGeneralSewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial
Pool Features None
Construction Materials Brick
Year Built 1954
Levels Two
Property Subtype Condominium
County Wayne
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name WAYNE COUNTY CONDO PLAN 71 ALLENS WOODS
Garage Y/N N
Total Rooms 4
Full Baths 1
Status Active
City DetroitCity_Wayne
Disclosures ListingException TaxesNotHomesteadExempt
Association Name Wayne County
Senior Community Y/N N
High School District Detroit
MLS Area Area05034DetJoySchoolcraftGrnfldLimits
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 913.51
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
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2012. W CHICAGO APT 18WAYNE COUNTY CONDOMINIUM SUB PLAN NO 71 AKA ALLENS WOODS CONDO L18225 PGS 298-320 DE
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ExteriorWater Source Public
Foundation Details Basement
Spa N
Lot Size Acres 0.04
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 941.0
Total Bedrooms 2
Below Grade Finished Area 941.0
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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* Excluded FeaturesList BySotero Lopez IIListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $455
- Monthly Property Taxes
- $76
- 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 NearbyCondo listings in Detroit, MI
Average List Price $326,702
Percent of Sale Price 348%
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 |
|---|
| 12/24/2025 | $72,900 | | Listed Price |