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3026 Lothrop St

Detroit MI 48206

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

Overview

Excellent opportunity for investors or owner-occupants! This tenant-occupied multifamily property offers an established income stream from day one. Each unit features 2 bedrooms, 1 full bath, and a kitchen, along with an unfinished basement. Current rents are $900/month for the upper unit and $1,100/month for the lower unit. Both tenants pay their own gas and electric, while the landlord is responsible for taxes and water. Investors can take advantage of the existing cash flow, or a future owner-occupant can explore living in one unit while generating rental income from the other. Conveniently located north of W Grand Blvd and east of Grand River. Please respect tenant privacy and do not approach or disturb tenants. BATVAI.

Features

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

Property history for 3026 Lothrop St

2024
Rented
Undisclosed
20 Jun 2024 by Brass Titan LLC
2022
Sold
$122,000
08 Nov 2022 by Nick Jaafar, of KELLER WILLIAMS LEGACY

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, 83 multi families similar to 3026 Lothrop St, have been sold.

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

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