2460 Canton St Detroit, MI 48207

Building Details

Year Built

1911

Listing Agency G S Inc g***@yahoo.com Show Phone

Listed by Garland Solomon Show Phone

Source Elliman

Added: May 15 Updated: Jul 10 at 1:40 pm Checked: Jul 20 at 4:51 am

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Investment Insights

Based on property information with market context.

This well-maintained multifamily property at 2460-64 Canton features private entrances for each unit. The upper unit includes 2 bedrooms and 1 full bathroom, while the lower unit features 3 bedrooms and 1.5 bathrooms with living space. The property also has a basement that is currently tenant occupied, generating additional monthly rental income. The current rental income is approximately $1,250 per month per unit, producing an estimated annual income of $30,000. This property is located near shopping, dining, schools, and major freeways. The bike score is 68, making it bikeable. The walk score is 50, indicating it is somewhat walkable, and the transit score is 54, indicating good transit. This is an opportunity for investors looking to expand their portfolio or owner-occupants seeking supplemental income.

Key Highlights

• Strong cash flow and great rental potential with an estimated annual income of $30,000.
• Turnkey multifamily investment opportunity.
• Basement is tenant occupied, generating additional monthly rental income.

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FAQs

What type of property is this?

Duplex - Income-producing duplex with strong cash flow and great rental potential.

Where is this duplex located?

The property is located at 2460 Canton St Detroit, MI.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Strong cash flow and great rental potential with an estimated annual income of $30,000.; Turnkey multifamily investment opportunity.; Basement is tenant occupied, generating additional monthly rental income.