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15436 Steel St

Detroit MI 48227

2
2054 sq. ft.
0.1 ac.
Multi-Family
Currently for sale - view listing

Overview

WELCOME TO 15435 STEEL STREET, LOCATED ON A 4,250 SQUARE FOOT LOT IN A QUIET, OWNER-OCCUPIED NEIGHBORHOOD. THIS IMPRESSIVE DUPLEX FEATURES TWO SPACIOUS TWO-BEDROOM UNITS. THE UPPER UNIT HAS BEEN FULLY RENOVATED WITH A BRAND-NEW KITCHEN, UPDATED FLOORING AND CARPET, A MODERNIZED BATHROOM, AND NEW LIGHTING THROUGHOUT. THE PROPERTY GENERATES $2,107 IN MONTHLY RENTAL INCOME, WITH ONE UNIT NEWLY LEASED TO A SECTION 8 TENANT AT $1,157 PER MONTH AND THE SECOND OCCUPIED BY A LONG-TERM CASH-PAYING TENANT AT $950, IN PLACE FOR OVER 10 YEARS WITH A STRONG PAYMENT HISTORY. TENANT PAY ALL UTILITIES OTHER THAN WATER BRINGING THE ROI TO 14%. NO SHOWINGS WITHOUT AN ACCEPTED FULL-PRICE OFFER.

Features

2 bathrooms
2054 sq. ft. floor area
0.1 ac. lot size
Multi-Family

Property history for 15436 Steel St

2023
Sold
$73,000
06 Jan 2023 by Laura Sanchez, of Creative USA Investment Group LLC
2019
Sold
$50,000
07 Mar 2019 by Hassan Scheib, of Own It Realty

Happy sellers in Detroit

90%
90% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 39 multi families similar to 15436 Steel St, have been sold.

This represents a 5% increase in multi families sales when compared to the previous 12 months.

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