$175,000

5856 barrett street, detroit, MI 48213

Property Description
JUST INSTALLED! BRAND NEW ROOF TEAR OFF WITH 40 YEAR WARRANTY! LOCATED JUST 6 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE YOU WILL FIND 5856 BARRETT NESTLED ON A 3,833 SQUARE FOOT LOT IN CHANDLER PARK QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX CONSISTS OF 2 RECENTLY REMODELED SECTION 8 UNITS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS 2025 FURNACES AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW ELECTRICAL&AND PLUMBING AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. BRAND NEW SIDING AND ALUMINUM TRIM PAIRED WITH NEW WINDOWS COMPLETE THE CURB APPEAL TO YOUR ROYAL HIGHNESS. EACH SPACIOUS 3 BEDROOM UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS FROM SAME AGENCY AND THE MONTHLY DIVIDENDS OF $2,550 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY
General Information
Price: $175,000
Price/SqFt: $82
Status: Active
MLS#: 20250034865
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: blankes park side sub
Acres: 0.09
Lot Dimensions: 35.00 x 110.00
Bedrooms:0
Bathrooms:2   (2 full, 0 half)
Size: 2,140 sq.ft.
Acreage: 0.09 est.
Year Built: 1927
Property Type: Multifamily
Style: 2 Story
Features & Room Sizes
Exterior:  Brick
Basement:  1
Heating:  Forced Air
Tax, Fees & Legal
Est. Summer Taxes:  $461
Est. Winter Taxes:  $32
Map


IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Marta Kopania of Realtyflo Inc, Phone: (313) 466-7253
(810) 691-4124 Call Randy Haney for more information about this property.

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