580 Alter Road, Detroit, MI 48215

Description

Opportunities like this don't come around often in Jefferson Chalmers. Located in one of Detroit's most unique waterfront communities, known as Detroit's Little Venice. This brick bungalow multifamily offers proven performance, and exceptional flexibility in a location that continues to gain attention from both investors and homeowners alike.Currently operating as a successful short-term rental, this duplex is already positioned to generate income from day one. Whether you're looking to continue its established short-term rental operation, add a low-maintenance asset to your long-term portfolio, house-hack by living in one unit while renting the other, or create a multi-generational living arrangement, the possibilities are plentiful.The property consists of a spacious 2-bedroom, 1-bath lower unit and a comfortable 1-bedroom, 1-bath upper unit, each benefiting from updates throughout. Renovations include updated flooring, beautifully remodeled kitchens featuring granite counter tops and shaker-style cabinetry, tastefully updated bathrooms with wainscoting accents, upgraded electrical systems, furnaces, and added parking pad, providing the peace of mind that comes with major capital improvements already being completed. Features a basement and garage for storage or entertainment. Whether it's morning coffee in the fresh air or evenings spent around the fire with friends and family, or your guests, the private backyard fire pit area offers the kind of experience that turns a simple stay into a memorable one.Beyond the property itself, Jefferson Chalmers is known for its strong sense of community. Enjoy access to the Detroit River, neighborhood canals, and numerous parks throughout the area. The location also provides convenient access to downtown Detroit and neighboring Grosse Pointe, while local favorites such as Yellow Light Coffee & Donuts and Coriander Kitchen and Farm help create the vibrant community atmosphere residents and visitors have come to love.

Price & Status History

MLS Listing History2 listings

Tax & Assessment

Property Details