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Image 1 - 3154 Lenox St, Detroit, Michigan, 48215 - House for sale
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Image 4 - 3154 Lenox St, Detroit, Michigan, 48215 - House for sale
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Home For Sale In Detroit, Michigan
3154 Lenox St, Detroit, Michigan, 48215

Home For Sale In Detroit, Michigan

house for sale
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Listed: 04/05/24

3154 Lenox St, Detroit, Michigan, 48215

2 Bed:
1 Bath:
1,124 Sq Ft Living Area:
Save
Price
$ 35,000
Price:  Lower

About This House

This promising investment property nestled in the heart of Detroit and is brimming with character, perfect for experienced investors or those looking to make their mark on the Detroit housing landscape. This multi-level layout provides a spacious footprint for creative redesign. This property's generous lot size allows for potential expansion or exterior amenities. - Located within a community ripe for revitalization efforts, promising increasing future values. - Rental market insights indicate potential earning estimates of around$1, 027 - $1, 106per month, adding allure for those interested in buy-to-rent strategies. - Requires comprehensive renovations - perfect for a tailor-made project. - Holds the promise of significant returns on investment post-renovation. Seize the opportunity to transform this property into a profitable venture. …  Full description

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Detroit Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 2 bed houses for sale in/near Detroit, United States averaged $116,903, an increase of 46.8% from the previous month.
Median price trends for properties for sale in Detroit, United States as of May 2024.

Household Income

Median household income: $31,283
Number of households: 266,333
The average household income in Detroit, MI grew from $30,344 to $31,283 in the past year. This data is an estimate based upon 266,333 households in Detroit, MI.
The chart below presents how household income is distributed in Detroit, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Detroit, MI compared to median property taxes around the country. The prevalent amount of property taxes in Detroit, MI equals $800-$1,500 , which is less than the national average.