3000 CORTLAND ST new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
$ 125000
- Bed
2 Baths
2724 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,724 sqft
Subdivision Linwood Heights (Plats)
MLS Listing ID 20251055853
Style Duplex
Full Baths 2
Year Built 1925
Property Sub-Type MultiFamily
Property Description
Welcome to 3000 Cortland, a fully occupied rental collecting $2,000/month (19.1% cap rate - 128% cash on cash), with a month to month tenant in the upper, and a new tenant moving into the lower as of November 1 paying $800/month to month. The upper unit's attic has been converted to additional living space allowing for an easy rent increase. As you drive the street, you'll see a flurry of homes being renovated, with renovated units selling well beyond $200,000. This is a great option to house hack, to BRRR, or to make a quick flip.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating HotWater, NaturalGas
Exterior
Pool None
View Y/N No
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard