For Sale

Listed by Ahsan Tarar from Tarar Homes

Source: Multiple Listing Service MiRealSource #60982166

15500 Cruse Street, Detroit, MI, 48227

$210,000

2
2782 sq. ft.
0.17 ac.

MultiFam

•

30+ days on the market

What's around 15500 Cruse Street

About this property

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.

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