2741 MONTEREY Street Detroit, MI 48206
UPDATED:
11/01/2024 01:50 PM
Key Details
Property Type Multi-Family
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $111
Subdivision Linwood Heights Sub (Plats)
MLS Listing ID 20240080873
Style Colonial
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1925
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 121.00
Property Description
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 or multi-generational living.
Each unit are very large and spacious totaling 1525 sq ft each with 3 bedrooms and 1 bath. The basement is divided for tenant privacy. You can rent each one with a section 8 tenant for $1600 a month for a total of $3200 a month incoming stream. That's a total of $38,400 a year.
The first-floor unit features a bright living room (16x13), a formal dining room (13x12), a kitchen with an adjoining breakfast nook (10x4), and three spacious bedrooms (13x9, 11x10, 12x10). Upstairs, the second unit mirrors this layout with a slightly larger living room (18x12), providing ample room for comfort and flexibility.
Set on a 35x120 lot, this property boasts a solid brick exterior with classic Detroit architectural charm.
This property is one block away from Dexter where major developments are in motion like the Dexter Streetscape, Dexter Elmhurst Community Center (n.k.a., Helen Moore Community Center) renovation and new Park, Park & Open Space Improvements (Since 2021 to Date- Zussman, Russell Woods, Nardin Park, Dexter Tree Planting), Façade Improvement Projects, Dexter Mural Program and the Dexter Pop Up. Ask for the PDF doc of DEXTER AVE INVESTMENTS.
Located near major roads, local schools, and minutes from the city’s key attractions, 2741 Monterey Street is a promising investment for any investor looking to capitalize on Detroit’s growing rental market.
"This property has cameras inside and outside the premises"
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction S of Davison / W of Linwood
Rooms
Basement Finished
Interior
Hot Water Natural Gas
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W10I003416S
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, FHA, VA
Rebuilt Year 2024
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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