15500 Cruse Street Detroit, MI ^$ 210,000

15500 Cruse Street

^$ 210,000

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15500 Cruse Street

Detroit, MI, 48227

^$ 210,000

Studio Baths2.0 Sq 2,782

Monthly Estimate*

^$ 1,293

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Studio

Multi-Family Home for sale in Detroit, MI

for $210,000 with 2 full baths. This 2,782 square foot home was built in 1919 on a lot size of 0.17.

Fully renovated in 2024, this turnkey duplex offers immediate cash flow with significant upside in a strong rental market. The property features a highly desirable unit mix with one 4-bedroom unit and one 3-bedroom unit, catering to larger households and voucher tenants. Both units are currently occupied, generating $2,100/month ($1,100 + $1,000), providing in-place income from day one. Where this deal gets interesting is the upside. 3-bedroom units in the area are renting for approximately $1,250Ã¢â¬â$1,400/month, while 4-bedroom units are achieving $1,600Ã¢â¬â$1,700/month. This creates a clear path to increase rents to $2,900Ã¢â¬â$3,100+/month, offering a strong value-add opportunity without additional major renovations.

Multi-Family Active

Price

^$ 210,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,211

Style

Lot Size

0.17

Year Built

1919

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60982166

Features

General

Heating Forced Air

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1919

Subdivision Glengarry

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 25200

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Directions Turn into street

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. E CRUSE N 25 FT 134 135 & W 8 FT VAC ALLEY ADJ GLENGARRY SUB L35 P1 PLATS

DOM 0

Price Per Sq Ft Total AG 75.49

Public Remarks Fully renovated in 2024

Interior

Basement Block

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Aluminum

Frontage 60

Lot Size Area 0.17

Lot Dimensions 60x122

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Ahsan Tarar

Listing Agent

Tarar Homes

Broker

ahsan@tararhomes.com

Affordability Calculator

$1,561

Per Month

Monthly Principal & Interest: $1,293
Monthly Property Taxes: $268
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$256,748

Percent of Sale Price 22%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/8/2026	$210,000		Listed Price

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15500 Cruse Street, Detroit, MI, 48227 is a Multi-Family Home for sale at $210,000 with 2,782 sqft and a lot size of 0.17. 15500 Cruse Street is a studio with 2.0 baths and was built in 1919. The property's zip code is 48227 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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15500 Cruse Street

Multi-Family Home for sale in Detroit, MI

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