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5500 Chalmers

Detroit, MI 48213
  • $114,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: 20240091996
UPDATED: 84 min ago
$114,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,904
    SQFT
  • $60
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1951
County:

School Ratings & Info

School District:

Description

**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one! Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don't want to miss. This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-03-20T09:50:12.49.
www.kelder.com/homes/158930569
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5500 Chalmers Detroit, MI 48213

  • Price: $114,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 84 min ago
  • MLS #: 20240091996
4
Beds
2
Baths
0
½ Baths
0.14
Acres
1,904
SQFT
$60
$/SQFT
1951
Built
Neighborhood:
Sefton Park Sub
County:
Wayne
Area:
Detroit (82001)
School District:
Detroit City School District
Property Description
**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one! Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don't want to miss. This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.
Exterior Features

Exterior Construction Brick Foundation Type Basement Frontage 40 Garage Type Detached Garage Lot Size 40.00 x 150.00 Roads Paved Street Structure Style 1 Story Styles Ranch Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Below Grade Sq Ft 3808 Fireplace YN No Fuel Type Natural Gas Heating System Forced Air Total Rooms 6

Property Features

Assessments Amount 350 Assessments YN Yes Association Fee YN No Financial Terms CashConventional For Sale Or Rent For Sale Lease YN No Manufactured YN No Municipality Detroit Municipality Type City Ownership Private Principal Res Exempt YN No SEV 21400 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 1962 Total Tax Amount 2069 Water Public Water Winter Tax Amount 107

Listing courtesy of U.S. Investor Group : 313-644-0034.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-03-20T09:50:12.49.
 
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