3273 Cortland Street
Detroit, MI, 48206 $ 260,000
Bedrooms2 Baths2.0 Sq 2,700 Monthly Estimate*
$ 1,642
for $260,000 with 2 bedrooms and 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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FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CeilingFans
Possession AtClose
Garage Spaces 0.0
Patio/Porch Features Covered Patio Porch
Architectural Style UpperLowerApartment
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Exist
Pets Allowed Yes
Year Built 1924
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 32200.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LINWOOD HEIGHTS
Garage Y/N Y
Full Baths 2
Status Active
Directions South of Davison East of Dexter
City DetroitCity_Wayne
Disclosures ConformstoZoning ExclusionsExist ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 3261.0
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 39384
Expected Active Date 2026-05-07
Legal Description S CORTLAND 553 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 35 X 120.50
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InteriorBasement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2700.0
Half Baths 0
Laundry Features LaundryRoom
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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ExteriorExterior Amenities Balcony
Fencing BackYard
Parking Features Garage OnStreet SharedDriveway
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 35X120.5
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 FeaturesList ByChristina GennariListing Agent
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 $266,941
Percent of Sale Price 3%
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 |
|---|
| 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 |