$114,000
- Beds
- 4
- Baths
- 2.0
- sq ft
- 1,904
5500 Chalmers St, Detroit, MI 48213
5500 Chalmers St
DetroitCity_Wayne, MI 48213
- Price drop $5,000↓
**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
$60
Year built
1951
Annual property taxes
$2,069
HOA
No
Price History
02/25/2025

Realcomp #20240091996
Listed
$114,000
+278.74%
09/29/2020

Realcomp #2200067504
Sold
$30,100
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
High school district:
Detroit
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Status: Active
Tomo last checked: 04/02/2025 at 8:35 PM
Listing updated: 03/25/2025 at 9:15 AM
Listed by: Hassan Hammoud, U.S. Investor Group Phone #: (313) 644-0034
MLS: Realcomp #20240091996

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