Estimated payment $1,237/month
This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot water tanks are fairly new. The lot next-door also goes with the building. This building is close to all major freeways and only minutes from downtown. There is a $495 admin fee charged to all buyers at closing payable to Rockefeller’s Realty. No showings will be allowed until an offer is accepted. Please do not approach the tenants.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $848 | $33,900 | $0 | $0 |
| 2023 | $822 | $27,500 | $0 | $0 |
| 2022 | $870 | $21,900 | $0 | $0 |
| 2021 | $849 | $17,900 | $0 | $0 |
| 2020 | $849 | $16,600 | $0 | $0 |
| 2019 | $953 | $18,500 | $0 | $0 |
| 2018 | $848 | $19,600 | $0 | $0 |
| 2017 | $122 | $11,000 | $0 | $0 |
| 2016 | $909 | $134,000 | $0 | $0 |
| 2015 | $670 | $6,700 | $0 | $0 |
| 2013 | $935 | $9,346 | $0 | $0 |
| 2010 | -- | $13,391 | $639 | $12,752 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | For Sale | $210,000 | +3130.8% | $56 / Sq Ft |
| 01/23/2012 01/23/12 | Sold | $6,500 | -35.0% | $3 / Sq Ft |
| 09/22/2011 09/22/11 | Pending | -- | -- | -- |
| 07/26/2011 07/26/11 | For Sale | $10,000 | -- | $5 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $6,500 | None Available | |
| Quit Claim Deed | $37,000 | Title Giant |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $88,000 | Unknown | |
| Previous Owner | $78,750 | Fannie Mae Freddie Mac |
$250,000
Both units are currently tenant-occupied, with tenants paying $1,400 per unit. Investor's Dream in Detroit's Thriving Community! Located in a desirable area south of Davison and west of Linwood, this spacious 2-family brick flat at 2741 Monterey Street is a unique investment opportunity you won't want to miss. Each unit offers generous living space and versatile layouts, perfect for rental income
Sotero Lopez II EXP Realty Main
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Justin Bercheny Max Broock, REALTORS-Royal Oak
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Nancy Rademacher KW Professionals Brighton
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Berkeley Champlin MI House of Detroit LLC
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Larry Else Downtown Realty
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Investment Opportunity – High-Return Multi-Family Property! Seize this incredible opportunity to own an almost fully renovated four-family flat, primed for strong returns. This property has already undergone major upgrades, including a new roof, plumbing, electrical, and HVAC systems, along with some modernized bathrooms.What truly sets this property apart is its unbeatable
Enrico Johnson Prestige Realty Services LLC
Source: Realcomp
MLS Number: 20250031634
APN: 16-004620
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