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Image 1 - 5900 Lenox St, Detroit, Michigan, 48213 - House for sale
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Image 4 - 5900 Lenox St, Detroit, Michigan, 48213 - House for sale
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Home For Sale In Detroit, Michigan
5900 Lenox St, Detroit, Michigan, 48213

Home For Sale In Detroit, Michigan

house for sale
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Listed: 06/18/24

5900 Lenox St, Detroit, Michigan, 48213

4 Bed:
2 Bath:
2,060 Sq Ft Living Area:
Save
Price
$ 160,000

About This House

Attention Investors and House Hackers! Amazing opportunity to own an income-producing duplex just 1 block from Chandler Park on Detroit's Eastside! Lease both units out for cash flow OR live in one unit and rent the other! Part of a 3-property rental portfolio in Detroit - can be sold individually or together (inquire about other properties). This duplex features two 2 Bed 1 Bath units just over 1000 sqft each. Lower unit is currently leased for $900/month and the upper unit is currently vacant and actively listed for lease at $900/month. Potential Cap Rate when fully leased will be 10% or higher! The property includes numerous updates and renovations including refinished hardwood floors throughout, 2 furnaces and duct work, 2 …  Full description

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Chandler Park Housing & Living

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.