2741 MONTEREY Street Detroit, MI 48206
Multi-Family (2-4 Units)
MLS #: 20240080873
Courtesy Of eXp Realty
811 N. Main St., Royal Oak, MI 48067
811 N. Main St., Royal Oak, MI 48067
$300,000
2 baths
|
2,700 sq ft
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Estimated monthly payments:
$1,311/mo.* (recalculate)
Property InformationDescription
Investor s Dream in Detroit s Thriving Community!
Located in a desirable area south of Davison and west of Linwood, this spacious 2-family brick flat at 2741 Monterey Street is a unique investment opportunity you won t want to miss. Each unit offers generous living space and versatile layouts, perfect for rental income or multi-generational living.
Each unit are very large and spacious totaling 1525 sq ft each with 3 bedrooms and 1 bath. The basement is divided for tenant privacy. You can rent each one with a section 8 tenant for $1600 a month for a total of $3200 a month incoming stream. That's a total of $38,400 a year.
The first-floor unit features a bright living room (16x13), a formal dining room (13x12), a kitchen with an adjoining breakfast nook (10x4), and three spacious bedrooms (13x9, 11x10, 12x10). Upstairs, the second unit mirrors this layout with a slightly larger living room (18x12), providing ample room for comfort and flexibility.
Set on a 35x120 lot, this property boasts a solid brick exterior with classic Detroit architectural charm.
This property is one block away from Dexter where major developments are in motion like the Dexter Streetscape, Dexter Elmhurst Community Center (n.k.a., Helen Moore Community Center) renovation and new Park, Park & Open Space Improvements (Since 2021 to Date- Zussman, Russell Woods, Nardin Park, Dexter Tree Planting), Façade Improvement Projects, Dexter Mural Program and the Dexter Pop Up. Ask for the PDF doc of DEXTER AVE INVESTMENTS.
Located near major roads, local schools, and minutes from the city s key attractions, 2741 Monterey Street is a promising investment for any investor looking to capitalize on Detroit s growing rental market.
"This property has cameras inside and outside the premises"
Located in a desirable area south of Davison and west of Linwood, this spacious 2-family brick flat at 2741 Monterey Street is a unique investment opportunity you won t want to miss. Each unit offers generous living space and versatile layouts, perfect for rental income or multi-generational living.
Each unit are very large and spacious totaling 1525 sq ft each with 3 bedrooms and 1 bath. The basement is divided for tenant privacy. You can rent each one with a section 8 tenant for $1600 a month for a total of $3200 a month incoming stream. That's a total of $38,400 a year.
The first-floor unit features a bright living room (16x13), a formal dining room (13x12), a kitchen with an adjoining breakfast nook (10x4), and three spacious bedrooms (13x9, 11x10, 12x10). Upstairs, the second unit mirrors this layout with a slightly larger living room (18x12), providing ample room for comfort and flexibility.
Set on a 35x120 lot, this property boasts a solid brick exterior with classic Detroit architectural charm.
This property is one block away from Dexter where major developments are in motion like the Dexter Streetscape, Dexter Elmhurst Community Center (n.k.a., Helen Moore Community Center) renovation and new Park, Park & Open Space Improvements (Since 2021 to Date- Zussman, Russell Woods, Nardin Park, Dexter Tree Planting), Façade Improvement Projects, Dexter Mural Program and the Dexter Pop Up. Ask for the PDF doc of DEXTER AVE INVESTMENTS.
Located near major roads, local schools, and minutes from the city s key attractions, 2741 Monterey Street is a promising investment for any investor looking to capitalize on Detroit s growing rental market.
"This property has cameras inside and outside the premises"
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Colonial
- Exterior Type: Brick
- Heating System: Hot Water
- Lot Size: 0.1 Acres
- Rooms: Basement
MAP & DIRECTIONS
School Information
2741 MONTEREY Street, Detroit, MI 48206
Elementary School
Grades KG-8 |
Public School
DURFEE ELEMENTARY-MIDDLE SCHOOL
Detroit, MI 48206
2425 Tuxedo St
313.252.3070
Distance: 0.4 mi
School Rating
F
Student:Teacher Ratio
15:1
Total Students
500
Middle School
Grades KG-8 |
Public School
DURFEE ELEMENTARY-MIDDLE SCHOOL
Detroit, MI 48206
2425 Tuxedo St
313.252.3070
Distance: 0.4 mi
School Rating
F
Student:Teacher Ratio
15:1
Total Students
500
High School
Grades 9-12 |
Public School
CENTRAL ACADEMY AND HIGH SCHOOL
Detroit, MI 48206
2425 Tuxedo St
313.252.3000
Distance: 0.4 mi
School Rating
F
Student:Teacher Ratio
17:1
Total Students
310
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Keidan Special Education Center | 0.8 mi | Public | PK-8 | |
| Hope Academy | 0.9 mi | Public | PK-8 | D |
| New Paradigm Glazer Academy | 1.0 mi | Public | KG-8 | C- |
| Ace Academy Seventy-day Adventist Glendale Lincoln Woodward Jefferson | 1.1 mi | Public | 4-12 | |
| University Preparatory Art Design Elementary School | 1.4 mi | Public | KG-5 | D |
| Joy Preparatory Academy | 1.5 mi | Public | PK-12 | C+ |
| Thurgood Marshall-elementary School | 1.6 mi | Public | PK-8 | F |
| Thirkell Elementary-middle School | 1.7 mi | Public | KG-8 | F |
| Barber Preparatory Academy | 1.8 mi | Public | KG-8 | F |
| George Washington Carver Elementary School | 1.9 mi | Public | PK-4 | F |
| George Washington Carver Middle School | 1.9 mi | Public | 5-8 | F |
| Noble Elementary-middle School | 1.9 mi | Public | PK-8 | F |
| Flagship Charter Academy | 1.9 mi | Public | KG-8 | D |
| Detroit International Academy For Young Women | 2.0 mi | Public | PK-12 | C+ |
| Northwestern High School | 2.0 mi | Public | 9-12 | D+ |
| Sampson-webber Leadership Academy | 2.1 mi | Public | PK-8 | F |
| Paul Robeson Malcolm X Academy | 2.1 mi | Public | PK-8 | F |
| Charles R Drew Transition Center | 2.3 mi | Public | UG |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Detroit, MI 48206
| Median Age: | 40.8 |
|---|---|
| Married: | 17% |
| Number of Households: | 6,356 |
| Households with Children: | 23.1% |
Detroit, MI 48206
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
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Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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