5061 Hillsboro ST Detroit, MI 48204
2 Baths
2,558 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,558 sqft
Subdivision More Than One Sub Involved
MLS Listing ID 20261003938
Style Duplex
Full Baths 2
Year Built 1924
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type MultiFamily
Property Description
Solid brick duplex featuring two spacious 3-bedroom, 1-bath units, one on each level. Each unit includes its own private basement with separate laundry, offering convenience and strong tenant appeal.
Both units are currently rented, generating a combined monthly income of $2,700. One unit is occupied by a Section 8 tenant, providing stable, government-backed income, while the second unit is leased to a standard cash tenant, creating a balanced and diversified rental stream.
This is a true turnkey asset with extensive 2024–2025 upgrades, keeping CAPEX reserves in your pocket, not in the property. Nearly everything a new owner would typically worry about has already been addressed:
-Updated kitchens in both units (2025)
-Updated bathrooms in both units (2025)
-New windows in the lower unit (2025)
-Fresh paint throughout the entire building (2025)
-New water lines (2024)
-New electrical lines (2024)
Separate utilities, functional layout, and strong rental history make this an ideal opportunity for investors seeking immediate cash flow. Also well-suited for owner-occupants looking to offset or potentially eliminate their mortgage with rental income.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
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 Yes
