7542 Meadow Avenue
Warren, MI, 48091 $ 239,900
Bedrooms6 Baths2.0 Sq 2,256 Monthly Estimate*
$ 1,657
for $239,900 with 6 bedrooms and 2 full baths. This 2,256 square foot home was built in 1942 on a lot size of 0.09.
INVESTOR ALERT! Turnkey, High-Yield Duplex Generating MORE 1% Monthly Return! Rare opportunity to acquire a fully updated, fully occupied, high-performing duplex generating guaranteed income. Backed by reliable agency/organization-paid leases with model tenants, this property delivers immediate, hands-off cash flow from Day 1 with significant upside potential on upcoming lease renewals. LET'S TALK ABOUT PROPERTY HIGHLIGHTS & FINANCIAL BREAKDOWN: Lower Unit (2 Beds / 1 Bath): $1,300/mo guaranteed rent. Features updated vanity, new carpet/flooring, and fresh paint. Upper Unit (4 Beds / 1 Bath): $1,500/mo guaranteed rent. Updated kitchen featuring newer cabinets and countertops. Total Current Income: $2,800/mo ($33,600/yr) which is exceeding the 1% rule! Zero immediate capital expenditures needed! This building has been extensively updated! Updated mechanicals! High-efficiency heating systems, newer furnace and newer water heater. Updated plumbing and electrical work, newer electrical panels for both units, and modern plumbing/electrical fixtures throughout. Vinyl windows throughout (with blinds), newer front roof, and fully repainted interior. Inclusions: Both sets of unit appliances are landlord-owned and convey with the sale. The property includes an adjacent FREE buildable lot—a massive value-add for future development, expansion, or separate resale! The seller is liquidating equity solely to fund another project, creating a rare opening to step into a fully stabilized, turnkey income producer. Leads immediately with the 1%+ rule, $2,800/mo income, and guaranteed lease structure to hook investor attention in search feeds. Emphasizes that leases are paid through housing agencies signaling reliable rent collection and minimal vacancy risk. Updated mechanicals, roof, electrical, and plumbing into a clear section to prove to out-of-state or local hands-off investors that maintenance costs will be low.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Colonial
Pool Features None
Construction Materials AluminumSiding
Pets Allowed Call
Year Built 1942
Levels Two
Property Subtype MultiFamily
County Macomb
Net Operating Income 27350.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N Y
Full Baths 2
Status Active
Directions South of 9 Mile West Off Van Dyke
City WarrenCity_Macomb
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District VanDyke
Zoning Description Residential
Number Of Units Total 2
MLS Area Area03131Warren
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 306.93
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 3320
Expected Active Date 2026-09-26
Legal Description PIPER'S VAN DYKE NO. 9 LOT 2734 L7 P93
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ExteriorParking Features Garage
Water Source Public
Total Parking 2.0
Foundation Details CrawlSpace
Spa N
Lot Dimensions 35X117
Lot Size Acres 0.09
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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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2256.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $1,657
- Monthly Property Taxes
- $26
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 Warren, MI
Average List Price $458,778
Percent of Sale Price 91%
About Warren, MI 136,102 Population
-2% Since 2002
$ 44,128 Median Income
40.56 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909760 Elementary School
4909476 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/24/2026 | $239,900 | | Listed Price |