Renovated Duplex With Unfinished
5860 Hazlett St Detroit, MI 48210
New
For Sale
$239,000
Completely renovated duplex with two identical units, each with its own entrance, plus an unfinished basement and included vacant lot.
Days on Market6
Property Features for 5860 Hazlett St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1917
Listing Agency:
REMAX LEADING EDGE
(313) 728-6853
Listed By:
Nazareth Sanchez · License #6501438534
(313) 728-6853
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 10:39AM
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 REMAX LEADING EDGE
Investment Insights
Based on property information with market context.
This completely renovated duplex offers two identical units with three bedrooms and one bathroom each. Updates include remodeled kitchens, living and dining areas with vinyl flooring and recessed lighting, and newly finished bathrooms with floor-to-ceiling ceramic tile, new toilets, and vanities. The clean and dry unfinished basement provides additional usable space, and each unit has its own entrance for privacy and convenience. A brand-new front porch enhances the exterior, and a vacant lot on one side is included in the sale.
The property is located on Detroit’s west side, minutes from Downtown Detroit, with convenient access to local amenities. It is noted to be blocks from Livernois and W Warren Ave, and near I-94 and I-96. The remarks also cite proximity to Henry Ford Hospital and Wayne State University.
Additional brand-new upgrades listed include whole-house PEX plumbing, a 200 amp electrical panel with whole-house wiring, vinyl windows, and newer roofing. Interior updates include new kitchen cabinets, freshly painted walls, and vinyl floors.
The property is located on Detroit’s west side, minutes from Downtown Detroit, with convenient access to local amenities. It is noted to be blocks from Livernois and W Warren Ave, and near I-94 and I-96. The remarks also cite proximity to Henry Ford Hospital and Wayne State University.
Additional brand-new upgrades listed include whole-house PEX plumbing, a 200 amp electrical panel with whole-house wiring, vinyl windows, and newer roofing. Interior updates include new kitchen cabinets, freshly painted walls, and vinyl floors.
Key Highlights
- Completely renovated duplex built in 1917 with two identical units
- Each unit has its own entrance for privacy and convenience
- Each unit features 3 large bedrooms and 1 renovated bathroom with floor‑to‑ceiling ceramic tile, new toilets, and vanities
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $20.40 |
| − Vacancy | −$2.6k | −$1.33 |
| EGI | $36.8k | $19.07 |
| − OpEx | −$16.6k | −$8.58 |
| NOI | $20.2k | $10.49 |
1,930 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.1K
$275.7K – $367.6K
NOI $22,057 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$425.8K
$372.6K – $496.7K
NOI $29,804 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Completely renovated duplex with two identical units, each with its own entrance, plus an unfinished basement and included vacant lot.
Where is this duplex located?
The property is located at 5860 Hazlett St Detroit, MI.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Completely renovated duplex built in 1917 with two identical units; Each unit has its own entrance for privacy and convenience; Each unit features 3 large bedrooms and 1 renovated bathroom with floor‑to‑ceiling ceramic tile, new toilets, and vanities
