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15500 Cruse Street

Detroit MI 48227

2
2782 sq. ft.
0.17 ac.
Multi-Family
Currently for sale - view listing

Overview

Fully renovated in 2024, this turnkey duplex offers immediate cash flow with significant upside in a strong rental market. The property features a highly desirable unit mix with one 4-bedroom unit and one 3-bedroom unit, catering to larger households and voucher tenants. Both units are currently occupied, generating $2,100/month ($1,100 + $1,000), providing in-place income from day one. Where this deal gets interesting is the upside. 3-bedroom units in the area are renting for approximately $1,250–$1,400/month, while 4-bedroom units are achieving $1,600–$1,700/month. This creates a clear path to increase rents to $2,900–$3,100+/month, offering a strong value-add opportunity without additional major renovations.

Features

2 bathrooms
2782 sq. ft. floor area
0.17 ac. lot size
Multi-Family

Property history for 15500 Cruse Street

2024
Sold
$120,000
28 Oct 2024 by MD Ashraf Karim, of R2M Realty

Happy sellers in Detroit

~%

We have insufficient information to provide an overview of customer satisfaction for Detroit. Viewing the agent profiles, reviews and sales for Detroit can provide insights for this location.

Local market activity for multi families in Detroit

In the last 12 months, 42 multi families similar to 15500 Cruse Street, have been sold.

This represents a 9% increase in multi families sales when compared to the previous 12 months.

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