$250,000
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3273 Cortland ST Detroit, MI 48206
2 Baths
2,700 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $92
Subdivision Linwood Heights
MLS Listing ID 20261066514
Sold Date 10/23/26
Style Upper/Lower Apartment
Full Baths 2
Year Built 1924
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
Property Description
Completely renovated duplex and ready for its next owner, 3273 Cortland offers two spacious 3-bedroom, 1-bath units with projected rental potential of up to $3,100/month - an impressive combination of condition, income potential, and flexibility for both investors and owner-occupants. Extensively renovated in 2024, nearly every aspect of the property has been updated, including a new roof, new windows, updated kitchens and bathrooms, luxury vinyl plank flooring, fresh interior and exterior paint, and updated plumbing, electrical, and mechanicals. Outside, the improvements continue with new front and rear decks, a fully fenced backyard, and a newly built 2-car garage. Separate gas and electric meters help simplify tenant management. For investors, projected rents of up to $3,100/month provide $37,200 in potential annual gross income and the potential for an approximately 12% cap rate based on projected rents and estimated expenses at the current asking price. Both units are currently vacant, giving the next owner control from day one - select your own tenants and establish new leases, or occupy one unit and rent the other to help offset your housing costs. Conveniently located near Henry Ford Hospital, Wayne State University, Midtown, the Motown Museum, Downtown Detroit, major roads, schools, and area amenities. With the major renovations already completed, strong projected rental potential, and two fully available units, 3273 Cortland is ready for an investor to put to work or an owner-occupant to call home. Schedule your private showing today. BATVAI. No Seller-Financing or Land Contract offers will be presented to the seller. Video and audio recording may be in place.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Partially Finished
Interior
Interior Features EntranceFoyer
Heating Forced Air, Natural Gas
Cooling Ceiling Fans
Fireplace No
Laundry GasDryerHookup, LaundryRoom, WasherHookup
Exterior
Exterior Feature Balcony, PrivateEntrance
Parking Features Garage, OnStreet
Fence Back Yard, Fenced
Pool None
View Y/N No
Roof Type Asphalt
Garage true
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water None
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan, WarrantyDeed
Listing Terms Cash, Conventional, FHA, VaLoan, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
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Bought with Arterra Luxe Collection LLC
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