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Renovated Duplex
New
For Sale
$230,000

2988 Virginia Park Street, Detroit, MI 48206

Each residence has three bedrooms, a bonus room, and updated kitchens, bathrooms, electrical, plumbing, and flooring.

Property SizeContact for details
Days on Market3

Property Features for 2988 Virginia Park Street

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Financials

Gross Income $28,800
Average Monthly Rent $1,200

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 3BR+bonus
Multifamily Units 2

Amenities

full basement

Building Details

Buildings 1
Tenancy Multi
Listing Agency: EXP Realty Main
Listed By: Adrienne Ponce · License #6501439342
Source: Brendaharrisgroup
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 9 at 6:59PM

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 EXP Realty Main

Investment Insights

Based on property information with market context.

This 1916 duplex contains two residences, each with three bedrooms and an additional bonus room. Improvements include refreshed kitchens and bathrooms, new flooring, updated electrical and plumbing systems, and vinyl siding. A full basement provides storage, and the property sits on a spacious lot.

The property is at 2988 Virginia Park St in Detroit, near the Boston-Edison District. Major freeways and Downtown Detroit are accessible from the area. Both residences are currently rented.

Key Highlights

  • Two units, each with three bedrooms and a bonus room
  • Renovated kitchens and bathrooms, with updated electrical and plumbing
  • New flooring and vinyl siding

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Dental Office Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 48206, MI

15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence has three bedrooms, a bonus room, and updated kitchens, bathrooms, electrical, plumbing, and flooring.
Where is this duplex located?
The property is located at 2988 Virginia Park Street Detroit, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two units, each with three bedrooms and a bonus room; Renovated kitchens and bathrooms, with updated electrical and plumbing; New flooring and vinyl siding
More about this property
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