Renovated Duplex With Three
For Sale
$339,900
7432 CHURCHILL Street, Detroit, MI 48206
Updated duplex features two fully renovated units, each with three bedrooms and one bath.
Property Size2,804 SF
Price / SF$121.22
Days on Market473
Property Features for 7432 CHURCHILL Street
General Information
Standard status
Active
Size
2,804 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1917
Tenancy
Multi
Listing Agency:
Keller Williams Legacy
(313) 752-0000
Listed By:
Saray DeLeon · License #6501430173
(313) 752-0000
Source:
Exitrealty
Added: Apr 14, 2025
Changed: Jul 22
Last Checked: Jul 30 at 5:22AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This renovated duplex offers two separate units, and both have been completely updated. Each unit includes three bedrooms and one bath, along with dedicated dining space and a living room. Additional interior improvements include new windows, new flooring, and fresh painting throughout.
The first unit also includes an office space. Exterior and major system updates are noted throughout, including a new roof, new electrical, and new plumbing. Mechanical improvements include new furnaces and new hot water tanks.
The property is presented for sale and appeals to investors or personal property owners seeking a turn-key residential income asset with recent renovations to units and key components.
The first unit also includes an office space. Exterior and major system updates are noted throughout, including a new roof, new electrical, and new plumbing. Mechanical improvements include new furnaces and new hot water tanks.
The property is presented for sale and appeals to investors or personal property owners seeking a turn-key residential income asset with recent renovations to units and key components.
Key Highlights
- Updated duplex with 2 fully renovated units
- Each unit features 3 bedrooms, 1 bath, a living room, and dining space
- First unit includes an office space
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 | $57.2k | $20.40 |
| − Vacancy | −$3.7k | −$1.33 |
| EGI | $53.5k | $19.07 |
| − OpEx | −$24.1k | −$8.58 |
| NOI | $29.4k | $10.49 |
2,804 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.8K
$400.6K – $534.1K
NOI $32,045 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.3K
NOI $29,416 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$618.6K
$541.3K – $721.7K
NOI $43,300 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,619
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex features two fully renovated units, each with three bedrooms and one bath.
Where is this duplex located?
The property is located at 7432 CHURCHILL Street Detroit, MI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Updated duplex with 2 fully renovated units; Each unit features 3 bedrooms, 1 bath, a living room, and dining space; First unit includes an office space
