31 W BARRETT Ave Madison Heights, MI 48071

Building Details

Year Built

1928

Listing office M77 LLC b***@gmail.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

Located in Madison Heights, this upper-lower duplex presents an investment opportunity with potential for increased cash flow. The property consists of two separate units, both currently occupied by tenants on month-to-month leases. The upper unit participates in Section 8. The lower unit offers significant value-add potential. Tenants are responsible for their own utilities, while the landlord covers water expenses, which are then reimbursed through a bill-back system. The property was appraised at $290,000 in December 2025. The location is considered somewhat walkable, with a walk score of 64, and bikeable, with a bike score of 50. This property is suited for investors seeking rental income or owner-occupants interested in house hacking while benefiting from nearby local amenities.

Key Highlights

• Strong cash flow potential with value‑add upside
• Flexibility to raise rents due to month‑to‑month leases
• Utilities paid by tenants (except water, which is reimbursed)

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FAQs

What type of property is this?

Duplex - Cash-flowing duplex with value-add potential in Madison Heights.

Where is this duplex located?

The property is located at 31 W BARRETT Ave Madison Heights, MI.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Strong cash flow potential with value‑add upside; Flexibility to raise rents due to month‑to‑month leases; Utilities paid by tenants (except water, which is reimbursed)