Turn-Key Quadplex with Three Leased
For Sale
$315,000
Pending
7225 American St, Detroit, MI 48210
Four-unit quadplex with three currently leased and approximate $3,800/month projected income, in Detroit.
Property Size3,348 SF
Days on Market40
Property Features for 7225 American St
General Information
Standard status
Pending
Size
3,348 SF
Property subtype
Investment
Occupancy
75%
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,305
Building Details
Building Size
3,348 SF
Year Built
1926
Units
4
Tenancy
Multi
Listing Agency:
REMAX City Centre
(313) 528-3002
Listed By:
Angie Sierra
(313) 528-3002
Source:
Elliman
Added: Jul 4
Changed: Aug 8
Last Checked: Aug 4 at 7:40AM
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 City Centre
Investment Insights
Based on property information with market context.
This turn-key quadplex presents a straightforward four-unit income property configuration, with three units currently leased. The current leasing status supports an approximate projected income of $3,800 per month. The building is described as well-maintained, making it a ready-to-operate option for buyers seeking immediate revenue alongside a long-term hold strategy.
Located at 7225 American St in Detroit, the property is positioned for practical day-to-day convenience, with proximity to major roads, schools, and city amenities. Transportation context is supported by a 47 bike score (somewhat bikeable), a 24 walk score (car-dependent), and a 40 transit score (some transit).
With three units already leased, this quadplex may appeal to buyers looking to house-hack or expand an existing portfolio with minimal vacancy risk at the outset, as indicated in the remarks.
Located at 7225 American St in Detroit, the property is positioned for practical day-to-day convenience, with proximity to major roads, schools, and city amenities. Transportation context is supported by a 47 bike score (somewhat bikeable), a 24 walk score (car-dependent), and a 40 transit score (some transit).
With three units already leased, this quadplex may appeal to buyers looking to house-hack or expand an existing portfolio with minimal vacancy risk at the outset, as indicated in the remarks.
Key Highlights
- Quadplex built in 1926 with 4 units total in Detroit.
- Three units currently leased with approximately $3,800/month projected income.
- BikeScore 47 (Somewhat Bikeable), WalkScore 24 (Car‑Dependent), TransitScore 40 (Some Transit).
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 48210, MI
27,155
Population
10,576
Households
2.6
Avg Household Size
28
Median Age
9%
College-Educated
57%
High-School Grad
4.9 sq mi
ZIP Area
5,542
Density / Sq Mi
$38,900
Median Household Income
$25,220
Median Earnings
$968
Median Rent
$60,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex with three currently leased and approximate $3,800/month projected income, in Detroit.
Where is this quadplex located?
The property is located at 7225 American St Detroit, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Quadplex built in 1926 with 4 units total in Detroit.; Three units currently leased with approximately $3,800/month projected income.; BikeScore 47 (Somewhat Bikeable), WalkScore 24 (Car‑Dependent), TransitScore 40 (Some Transit).
