15361 Sorrento St Detroit, MI 48227
Property Features for 15361 Sorrento St
General Information
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1929
Source:
Elliman
Listing Agent: Ryan E Kain
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Detroit Triplex: Investment Opportunity
This triplex presents an opportunity for investors or owner-occupants. The property includes a two-bedroom unit on the first floor, currently rented to a long-term tenant for $625 per month. The second floor houses two one-bedroom units, one of which is vacant, while the other is rented for $700 per month. Both tenants are on month-to-month leases. Gas and electric utilities are split, with the owner responsible for water. All units are equipped with newer forced air furnaces, and two of the three hot water tanks are also newer. The property features a 3-tab shingle roof, vinyl windows throughout, updated kitchens and bathrooms, and updated 100 amp electrical panels. Some updated Romex wiring is present. The building has two separate entrances for the units. Market rents for the two-bedroom unit could reach $1,000 per month, and the one-bedroom units could command as much as $800 per month.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1729393
- Latitude
- 42.4035377
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Rare triplex in Detroit, ideal for investors or owner-occupants.
Where is this triplex located?
The property is located at 15361 Sorrento St Detroit, MI.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: - Rare 3-unit property offering investment or house-hacking opportunity.; - Existing rental income with potential for increased rents (2BR at $625/month, 1BR at $700/month, with market rents up to $1000 and $800 respectively).; - Separate entrances for each unit.