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3000 Cortland St

Detroit MI 48206

2
2724 sq. ft.
0.1 ac.
Multi-Family
Currently for sale - view listing

Overview

Welcome to 3000 Cortland, a fully occupied rental collecting $2,000/month (19.1% cap rate - 128% cash on cash), with a month to month tenant in the upper, and a new tenant moving into the lower as of November 1 paying $800/month to month. The upper unit's attic has been converted to additional living space allowing for an easy rent increase. As you drive the street, you'll see a flurry of homes being renovated, with renovated units selling well beyond $200,000. This is a great option to house hack, to BRRR, or to make a quick flip.

Features

2 bathrooms
2724 sq. ft. floor area
0.1 ac. lot size
Multi-Family

Property history for 3000 Cortland St

2018
Sold
$35,500
16 Nov 2018 by Lawrence Else, of Downtown Realty

Happy sellers in Detroit

96%
96% 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 5 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 89 multi families similar to 3000 Cortland St, have been sold.

This represents a 26% decrease in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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