Turnkey Multifamily Investment
For Sale
$255,000
2460 Canton St, Detroit, MI 48207
Income-producing duplex with strong cash flow and great rental potential.
Property Size3,978 SF
Price / SF$64.10
Days on Market168
Property Features for 2460 Canton St
General Information
Standard status
Active
Size
3,978 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Islandview
Building Details
Year Built
1911
Listing Agency:
G S Inc
Listed By:
Garland Solomon
(313) 218-0156
Source:
Premiermichiganhomesearch
Added: May 15
Changed: Oct 25
Last Checked: Oct 7 at 1:30PM
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 G S Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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 $255,000.
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.
