1645 Taylor St Detroit, MI 48206

This exceptional Class A, multifamily investment property, located at 1645 Taylor St, Detroit, MI 48206, presents a compelling opportunity. The 2-unit apartment building, totaling 2,668 square feet, boasts a 100% occupancy rate with strong rental income. Each unit offers 1,274 square feet of living space, featuring 3 bedrooms, 1 bathroom, a spacious living room, dining room, and a modern kitchen with white shaker cabinets, butcher block countertops, and stainless steel appliances. Bathrooms are updated with new tile and fixtures. Significant renovations completed in 2024 include a new roof, windows, plumbing, wiring, heating system, and on-demand water heaters. Beautiful refinished hardwood floors add to the charm. The upper unit rents for $1,700/month through August 31, 2025, and the lower unit for $1,400/month through September 30, 2025. A small one-car garage is located in the rear. Utilities are separately metered (gas, electric), with water on a single meter. The property sits on a 0.09-acre lot and is zoned residential. The building features a covered front porch and an upper unit balcony. This prime location is less than a quarter-mile from The Congregation and near New Center. The property offers a 7.01% cap rate and a $24,180 NOI. Built in 1916, this meticulously renovated property benefits from the significant development planned for the rapidly growing La Salle Gardens/Virginia Park neighborhoods, with over $3.5 billion in projects slated for the next five years. The asking price is $345,000 ($172,500 per unit). APN: W08I002575S.