8264 Cloverlawn Street, Detroit, MI 48204

Description

Multi-Family Investment Opportunity Located just outside the desirable Aviation Subdivision on Detroit’s west side, presents a strong value-add opportunity for investors seeking cash flow and long-term appreciation. This solid brick, two-unit multifamily property features two spacious two-bedroom apartments, each offering: Two, two-bedroom apartments equipped with:• Expansive living room with fireplace • Formal dining room • Functional kitchen layout• Full bathrooms•Two generously sized bedrooms The property retains classic architectural character and offers substantial upside potential. While it does require cosmetic updates, the structure itself is solid—making it an ideal light-rehab project for investors looking to build equity quickly. Additional features include a massive basement with two large, separate storage areas—one designated for each unit—providing added convenience for tenants and increased rental appeal. With current two-bedroom payment standards through Michigan State Housing Development Authority (MSHDA), is $1313 per two bedroom, this property has projected income of $2626 per month and $31, 512 per year. Presents a compelling opportunity for Section 8 or other housing assistance rental strategies. Whether you’re expanding your portfolio or entering the multifamily market, this is a prime opportunity in a stable west-side Detroit location. THIS DEAL WILL GO FAST! ACT NOW!

Price & Status History

MLS Listing History3 listings

Tax & Assessment

Property Details