5183 PENNSYLVANIA Street, Detroit, MI 48213 - MLS#20251006720

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Paul Breyer

RE/MAX Home Sale Services

paul@millerteamrealtors.com +1(248) 219-0586

$349,900

Est. payment - /mo

4 Beds

4 Baths

3,534 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Pending

Purchase Type For Sale

Square Footage 3,534 sqft

Price per Sqft $99

Subdivision Albert Hesselbacher & Joseph S Visgers (Plats)

MLS Listing ID 20251006720

Style Colonial

Bedrooms 4

Full Baths 4

Year Built 1925

Annual Tax Amount $61

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35.00 x 129.00

Property Sub-Type Colonial

Source Realcomp II Ltd

Property Description

Discover this beautifully updated four-family flat that blends classic Detroit characters with modern upgrades. Each unit has been thoughtfully renovated, featuring sleek contemporary kitchens, stainless steel appliances, updated bathrooms, and sun-drenched living spaces that feel like home.

Appraised well over asking at $420,000
Monthly Gross Rent: $3,975
($1,025 + $950 + $950 + $1,050)
Water: $1,100/year
Taxes: Under $1,000/year
Maintenance: Estimated $1,000/year
Current Net Operating Income (NOI): ~$44,900
Current CAP Rate: ~10.7%

Each unit is separately metered, tenants pay their own gas and electric, and there's off-street parking, a shared backyard, and strong curb appeal that's rare to find at this level of finish.

Upside Potential? Rents are solid now but under the market for updated 2-bed units in the area. With strategic rent increases over time or short-term rental opportunities, your cash flow could go from good to great.

Whether you're an investor looking to grow your portfolio or a savvy buyer ready to live in one unit and let the others pay the mortgage — this one checks every box.

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Multi-Family

Direction E. Of Cadillac, N. Of Warren

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Road Frontage Paved

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W19I005904S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Listed by Elijah Cook of KW Metro

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Paul Breyer

+1(248) 219-0586

Agent | License ID: 358851

Agent License ID: 358851

5183 PENNSYLVANIA Street Detroit, MI 48213

Paul Breyer

Key Details

Location

Interior

Exterior

Building

Schools

Others

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