Fully Renovated Duplex
For Sale
$199,000
Pending
5044 Fairview St, Detroit, MI 48213
Renovated 3-bedroom, 1-bath duplex with both units leased and tenants paying all utilities except water.
Property Size2,160 SF
Days on Market104
Property Features for 5044 Fairview St
General Information
Standard status
Pending
Size
2,160 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,199
Building Details
Building Size
2,160 SF
Year Built
1924
Units
2
Tenancy
Multi
Listing Agency:
Downtown Realty
Listed By:
Marta Kopania · License #6501424283
(734) 301-6553
Source:
Elliman
Added: Jun 3
Changed: Sep 7
Last Checked: Sep 14 at 6:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Downtown Realty
Investment Insights
Based on property information with market context.
This fully renovated duplex at 5044 Fairview St offers two updated units, each configured with 3 bedrooms and 1 bathroom. The interiors feature bright, refreshed living spaces with renovated kitchens, new flooring, freshly installed carpet, and fresh paint throughout. Major capital improvements are already complete, including updated electrical and plumbing, along with recently serviced furnaces and water heaters.
Both units are currently leased with Section 8 tenants in place. The stated combined income is $2,677 per month, with tenants responsible for all utilities except water. The home is described as conveniently located near schools, neighborhood amenities, and freeway access.
For buyers seeking a turn-key residential income property, this duplex presents a straightforward ownership profile: two similar 3/1 units with capital items addressed and an existing lease structure. Utilities are handled with tenant responsibility for all utilities aside from water, which can simplify operating expectations. Please note that showings are not available without an accepted full-price offer, and the seller has indicated that no seller financing is available.
Both units are currently leased with Section 8 tenants in place. The stated combined income is $2,677 per month, with tenants responsible for all utilities except water. The home is described as conveniently located near schools, neighborhood amenities, and freeway access.
For buyers seeking a turn-key residential income property, this duplex presents a straightforward ownership profile: two similar 3/1 units with capital items addressed and an existing lease structure. Utilities are handled with tenant responsibility for all utilities aside from water, which can simplify operating expectations. Please note that showings are not available without an accepted full-price offer, and the seller has indicated that no seller financing is available.
Key Highlights
- Fully renovated duplex built in 1924 with two 3‑bedroom, 1‑bath units
- Both units are currently leased to Section 8 tenants
- Rent generates $2,677 per month; tenants pay all utilities except water
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 48213, MI
19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated 3-bedroom, 1-bath duplex with both units leased and tenants paying all utilities except water.
Where is this duplex located?
The property is located at 5044 Fairview St Detroit, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1924 with two 3‑bedroom, 1‑bath units; Both units are currently leased to Section 8 tenants; Rent generates $2,677 per month; tenants pay all utilities except water
