Property profile

1645 Taylor St Detroit, MI 48206

FOR SALE
Duplexes
Property ID
US43-0333002
2,668 SF Built 1916
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Property summary

AI-generated overview

**INVESTORS** This Virginia Park 2-family property has been completely remodeled from top to bottom and is ready for its new owner! The property features two units, each w/ 1,274 sq. ft., 3 bedrooms, 1 bathroom, a spacious living room, dining room, and kitchen! The upper unit is VACANT & was previously rented for $1,700/month The lower unit is VACANT and was previously rented for $1,450/month It is located 1 block away from the neighborhood hot spot, The Congregation, which is a former church turned into a coffee shop/spirits bar/sandwich shop/farmer's market/community hub The kitchens feature white shaker cabinets, butcher block counter-tops, and will include a full suite of stainless steel appliances, while the bathrooms feature beautiful new tile, trendy fixtures, and a large double vanity! The 2nd floor unit also features a massive, additional room on the 3rd floor that would be perfect for a home gym, office, or entertainment room! Other updates include: all-new romex wiring, new 3D architectural shingle roof new vinyl windows new PEX & PVC plumbing new forced air heating new electric on-demand water heaters beautifully refinished hardwood floors, and so much more! Small 1-car garage is located out back off of the alley Gas and electric are metered separately, water is on 1 meter. Located less than 1/4 mile from the neighborhood hot spot, The Congregation, as well as close to New Center and all that it has to offer! You can enjoy the summer evenings on an expansive, covered front porch or upper unit balcony, and the vacant lots across the street may be available for purchase from the Detroit Land Bank! Finally, the La Salle Gardens/Virginia Park neighborhoods are some of the fastest growing areas of the city, with over $3.5 BILLION in developments slated to happen over the next 5 years!

Property profile

Verified
Property type Duplexes
Year built 1916
Total area 2,668 SF
UPID US43-0333002

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1645 Taylor St Detroit, MI 48206
Detroit metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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