403 Mount Vernon St, Detroit, MI 48202
Turnkey 2-unit property located at 415 Mt Vernon in Detroit’s rapidly developing North End. Each unit features 2 bedrooms and 1 full bath, fully renovated with updated roof, windows, electrical, plumbing, furnace, water heater, and fresh exterior paint. The home sits on a fully fenced double lot, with 403 and 407 Mt Vernon included in the sale perfect for added outdoor space, parking, or future development. A new Back porch adds charm, and gated off-street parking is available. Long-term tenants in place generating steady income. Do not disturb tenants. Showings will be scheduled only after an accepted offer. Located near the Q-Line, Fisher Building, and just minutes from New Center, Midtown, and Downtown. Some of the photos are prior to leasing. BATVAI bikeScore: 56, Bikeable walkScore: 70, Somewhat Walkable transitScore: 47, Some Transit
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.