19970 Stratford RD, Detroit, MI 48221
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19970 Stratford RD, Detroit, MI 48221
19970 Stratford RD, Detroit, MI 48221
19970 Stratford RD, Detroit, MI 48221
19970 Stratford RD, Detroit, MI 48221
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$ 285,000
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19970 Stratford RD Detroit, MI 48221

2 Baths

2,431 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 2,431 sqft

Price per Sqft $117

Subdivision Woodward

MLS Listing ID 20261027321

Style Colonial

Full Baths 2

Year Built 1934

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type MultiFamily

Property Description

Strong investment opportunity in the heart of Palmer Park, one of Detroit's most established and walkable neighborhoods. This duplex is already producing $2,000 a month in income, with the top unit leased at $1,500 and a separate basement bedroom rented at $500, while the lower unit sits vacant and ready for its next owner or tenant. That open unit makes the property an ideal house-hack setup, where a buyer can move into their own space and let the existing tenants help carry the mortgage from day one, or a turnkey play for an investor who simply wants to fill the vacancy at market rent and run the building as pure cash flow. With roughly 2,931 square feet of living space, a shared driveway, and a private rear parking lot that tenants consistently appreciate, the layout fits the way people actually want to live in this part of the city. Step outside and Palmer Park is right there with its hiking and biking trails, tennis courts, and 18-hole golf course, and you are just minutes from the University of Detroit Mercy, Marygrove College, Henry Ford Hospital, and the shopping and dining along Woodward Avenue and McNichols Road. Recent comparable duplex sales in the immediate area have been pricing in the mid three hundreds with 3-bedroom units leasing in the upper $1,600s, pointing to real upside on both rents and long-term value. Whether you are a seasoned investor expanding your portfolio or a first-time buyer breaking into the market the smart way, properties like this do not stay available long in Palmer Park.

Location

State MI

County Wayne

Area Area05041Det68Grflddequindre

Rooms

Basement Partially Finished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, WarrantyDeed

Listing Terms Cash, Conventional, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call


Realcomp MLS
Listed by Drake O'Donnell of NATOD Management
Linda Glembocki

Linda Glembocki

+1(248) 761-6844

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19970 Stratford RD