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    5074 Chalmers St Detroit, MI 48213

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    For Sale
    $125,000

    Updated duplex with rental income potential near Chandler Park.

    Lot size:
    0.10 Acres

    Property Features for 5074 Chalmers St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1941

    Source: Providence Properties, Realty & Management Agent Victoria Camaj

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Duplex Near Chandler Park

    This updated duplex presents a cash-flowing investment opportunity. The property features modern renovations throughout, making it a turnkey investment. The upper unit is vacant and move-in ready, offering one bedroom with contemporary updates. The lower unit is tenant-occupied, featuring two bedrooms and generating $1,170 per month in rent. The property has Section 8 rental potential and could generate over $2,500 per month in rental income. It is located blocks away from the new Chandler Park development and sports dome. This duplex is suitable for expanding an investment portfolio or for a first-time investment.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9592558
    Latitude
    42.3965963

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    FAQs

    What type of property is this?
    Duplex - Updated duplex with rental income potential near Chandler Park.
    Where is this duplex located?
    The property is located at 5074 Chalmers St Detroit, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - High Income Potential: Potential to generate over $2,500/month in rental income with Section 8.; - Cash Flowing Investment: Currently generating $1,170/month from the lower unit.; - Fully Updated: Both units feature fresh, modern renovations throughout.
    (734) 486-5540
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5074 Chalmers St Detroit, MI 48213
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