tomo logo

$119,000

Beds
4
Baths
2.0
sq ft
1,904

5500 Chalmers St, Detroit, MI 48213

5500 Chalmers St

Detroit, MI 48213

  • 51 days on market
    • Price drop $6,000↓
**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one! Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don't want to miss. This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.

Details

Property type

Single Family Residence

Lot size

6,098 sq ft

Price per sq ft

$63

Year built

1951

Annual property taxes

$2,069

Price History

01/29/2025
Realcomp

Realcomp #20240091996

Price change
$119,000
-4.8%
12/12/2024
Realcomp

Realcomp #20240091996

Listed
$125,000
+315.28%
09/29/2020
Realcomp

Realcomp #2200067504

Sold
$30,100

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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Status: Active

Tomo last checked: 02/02/2025 at 12:55 PM

Listing updated: 01/29/2025 at 12:49 PM

Listed by: Hasson Hammoud, U.S. Investor Group Phone #: (313) 644-0034

MLS: Realcomp #20240091996

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