SoldAug 4, 2025

Bought with Danielle Strozeski

Source: Multiple Listing Service MiRealSource #60398882

5025 Somerset Ave, Detroit, MI, 48224

$163,000

2
1772 sq. ft.
0.11 ac.

MultiFam

•

25 days on the market

Sold: Aug 4, 2025

What's around 5025 Somerset Ave

About this property

Welcome to 5025 Somerset, a fully renovated, vacant duplex nestled in one of Detroit's resurging neighborhoods. It's perfect for first-time buyers looking to house hack or investors seeking strong cash flow from day one. This property has been completely upgraded in 2024-2025, offering peace of mind with all major systems modernized: New roof New PVC plumbing and updated electrical New furnace and hot water tank (to be installed prior to appraisal) Brand-new appliances in both units (refrigerator, stove/oven, microwave) Each unit is move-in ready: Upper Unit – 1 bedroom, projected rent: $750/mo Lower Unit – 2 bedrooms, projected rent: $1,250/mo Estimated Total monthly income: $2,000 With low estimated expenses - currently estimated property taxes are around $3,500 annually and a projected mortgage of around $1,600/mo - this property delivers an estimated CAP rate of 9.6% (based on projected net income), making it a prime buy-and-hold or house-hack opportunity. Additional highlights: Privacy fence for added security and outdoor enjoyment Located minutes from Downtown Detroit, major freeways, and local shopping, Vacant and ready for immediate occupancy or lease-up Whether you're an investor looking to expand your portfolio or a first-time homebuyer ready to build equity, Somerset checks all the boxes. Schedule your tour today and lock in your next income-producing asset.

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