3273 Cortland Street
Detroit, MI, 48206 $ 260,000
Baths2.0 Sq 2,700 Monthly Estimate*
$ 1,642
Studio for $260,000 with 2 full baths. This 2,700 square foot home was built in 1924 on a lot size of 0.1.
Turnkey, fully renovated cash-flowing duplex generating $3,000/month ($36,000 annually) in gross rental income. Offered at $255,000, this investment achieves a 1.18% rent-to-price ratio and an attractive 14.1% gross yield. Nearly every aspect of the property has been updated, including a new roof, windows, luxury vinyl plank flooring, fresh interior and exterior paint, kitchens, bathrooms, plumbing, electrical, and mechanicals - making this a truly turnkey investment. Both units feature spacious layouts with 3 bedrooms and 1 bathroom, filled with natural light, high ceilings, and charming architectural character. Updated kitchens and modern tiled bathrooms provide stylish, move-in ready living. Exterior improvements include new front and rear decks, a newly built 2-car garage, and a fully fenced backyard. Current lease provides immediate cash flow and making this an ideal setup for investors or buyers looking to offset their mortgage. Separate gas and electric meters simplify tenant management. Located on a quiet, well-maintained street near downtown, major hospitals, schools, and amenities, with continued neighborhood reinvestment and strong rental demand supporting long-term value. All major updates have been completed, resulting in zero immediate CapEx needs and allowing an investor to step into day-one cash flow.
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FeaturesGeneralHeating Forced Air
Cooling Ceiling Fan(s)
Possession At Close
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1924
Parking On Street
Subdivision Linwood Heights MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 32200
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions South of Davison East of Dexter
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA VA
Legal Description S CORTLAND 553 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 35 X 120.50
DOM 61
Postal Code 48206
Price Per Sq Ft Total AG 96.3
Public Remarks Turnkey fully renovated cash-flowing duplex generating $3 000/month ($36 000 annually) in gross rental income. Offered at $255 000
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ExteriorExterior Brick
Exterior Amenities Fenced Yard Patio Porch Exterior Balcony
Frontage 35
Lot Size Area 0.1
Lot Dimensions 35X120.5
Roads Paved Street
Waterfront Y/N No
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InteriorFireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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* Excluded FeaturesList ByChristina GennariListing Agent
christina@soldchristina.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,642
- Monthly Property Taxes
- $272
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $261,598
Percent of Sale Price 1%
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.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/24/2026 | $260,000 | -2.26% | Price Down |
| 6/8/2026 | $266,000 | -2.21% | Price Down |
| 5/7/2026 | $272,000 | | Listed Price |