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1200 Lawrence Ave

 Detroit, MI 48202
Active
Status
$334,900
Listing Price
4
Beds
2
Baths
0
Partial Baths
2,294 Sq. Ft.
$145/Sq. Ft.
 

OVERVIEW

Welcome to your cash flow monster with incredible upside potential. This meticulously rehabbed property offers historic charm with a compelling location: just outside the historic Boston-Edison District and a five-minute drive to Wayne State University, Henry Ford Hospital, and the burgeoning New Center neighborhood. Downtown Detroit is a 10-minute drive from the property. With easy access to the Lodge (M10 Expressway) it's also convenient to make it to the surrounding suburbs of the city.

The property went through extensive renovations that were completed in 2018. Renovations included:

New Mechanical
New Electrical
New Plumbing
New Roof
New Windows
New Doors (interior and exterior)
Freshly hung drywall
New stainless steel appliances throughout both kitchens
Complete bathroom renovations with new toilets and tubs
2-ton HVAC compressor
Code-compliant rear staircase to accommodate entry and exit from front and
back of home for both units

Current tenants pay $1,350/mo. [Owner-occupied unit could lease for same or more.] Tenants have been in the space since 2021. Current lease extension takes them through September of 2023. Tenants have never missed payment nor been assessed late fees. They maintain a current balance at all times.

Tenants will not be disturbed during listing process. Any walkthrough of tenants pace will be conducted after an offer is received. Owner-occupied unit available for tours at any time.

3% buyer agent commission
NEW TOILETS
Days on Fizber:
18 Days
Source: Fizber.com
 

PROPERTY DETAILS:

PROPERTY BASIC INFORMATION:

Property Information:
  • Year Built:
    1913
  • Property Type:
    Multi Family
  • Bedrooms:
    4
  • Full Bathrooms:
    2
  • Partial Bathrooms:
    0
  • Living Square Footage:
    2294
  • Lot Square Footage:
    4515
   
 

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