3920 Devonshire Rd Detroit, MI 48224

Building Details

Year Built

1941

Listing office Sonic Realty LLC 1***@gmail.com Show Phone

Listing date May 12, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This multifamily property presents a turnkey investment opportunity, generating strong cash flow within a high-demand rental market. Currently tenant-occupied with a Section 8 tenant paying $2,300 per month, the property offers immediate and reliable rental income. The estimated 13% cap rate enhances its attractiveness as an addition to any rental portfolio. The property offers solid income potential with stable occupancy and low vacancy risk. It is ideally suited for both seasoned investors and buyers seeking to expand their cash-flowing assets. The location provides convenient access to major roads, shopping, schools, and public transportation. The property has a bike score of 55, indicating it is bikeable, a walk score of 60, indicating it is somewhat walkable, and a transit score of 36, indicating some transit options are available.

Key Highlights

• Turnkey multifamily investment generating strong cash flow.
• Tenant occupied with Section 8 paying $2,300/month, providing immediate rental income.
• Estimated 13% cap rate.

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FAQs

What type of property is this?

Multifamily property - Income-producing property with Section 8 tenant, generating immediate rental income.

Where is this multifamily property located?

The property is located at 3920 Devonshire Rd Detroit, MI.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: Turnkey multifamily investment generating strong cash flow.; Tenant occupied with Section 8 paying $2,300/month, providing immediate rental income.; Estimated 13% cap rate.