3273 Cortland Street, Detroit, MI 48206
Description
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.
Price & Status History
MLS Listing History6 listings
| Status | List Price | Sale Price | Listed | Sold | Board | |
|---|---|---|---|---|---|---|
| For Sale | $260,000 | — | May 7, 2026 | — | Realcomp | View → |
| Expired | $1,500 | — | Nov 4, 2025 | — | Realcomp | View → |
| Expired | $299,900 | — | Nov 4, 2025 | — | Realcomp | View → |
| Expired | $335,000 | — | Sep 19, 2025 | — | Realcomp | View → |
| Canceled | $349,900 | — | Jul 29, 2025 | — | Realcomp | View → |
| Sold | $54,000 | $46,000 | Sep 28, 2023 | Nov 27, 2023 | Realcomp | View → |
Tax & Assessment
Property Details
Listed by Christina Gennari
KW Domain