15867 Cherrylawn St Detroit, MI 48238
- Commercial real estate
- 2,000 SF
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 15867 Cherrylawn St
- Year built
- 1927
- Lot size
- 0.09 lot acres
- Property size
- 2,000 SF
- Property type
- Commercial real estate
- APN
- W16I033327S
Description
This well-maintained Detroit duplex, located at 15867 Cherrylawn St, offers a fantastic investment opportunity. Built in 1927, this two-story, 2,000 square foot building sits on a 0.09-acre lot in the desirable west side of the city, within Wayne County, and has a zip code of 48238. The property features two units, each boasting hardwood floors and original plasterwork. Both units are currently occupied by long-term month-to-month tenants, responsible for their own gas, electric, and cable bills. The property is zoned for multi-family use and includes two parking spaces. The asking price is $125,000, translating to $62.50 per square foot. The property's APN is W16I033327S. This turnkey investment presents a solid return with existing tenants in good standing. A land contract option is available. This is an exceptional opportunity for investors seeking a stable, income-generating property in a thriving Detroit neighborhood. The property has been meticulously maintained both inside and out.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.154802
- Latitude
- 42.4089179
