16701 Tuller Street
Detroit, MI 48221
- – beds
- 2 baths
- 1,067 sqft
- 3,049 sqft lot
- $127 per sqft
- 1926 build
- – on site
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Welcome to 16701 Tuller Street, a beautifully renovated duplex located in the heart of Detroit, MI. This property has been meticulously upgraded from top to bottom, making it an ideal turnkey investment opportunity for buyers looking for immediate cash flow and solid returns. Priced at just $134,900, this 4-bedroom, 2-bathroom home offers tremendous value with an above-average 9.73% CAP rate. Key Features: - Fully Renovated in October 2024 – Enjoy peace of mind with new plumbing, two brand-new hot water heaters, updated electrical systems, and fresh paint throughout both units. - Modernized Kitchens & Bathrooms – Both units have updated kitchens and bathrooms, featuring new flooring, cabinetry, and fixtures. - Income-Generating Property – The upper unit will be rented for $650/month to a reliable tenant whose rent is covered by The Michigan State Housing Development Authority through December 2024. The lower unit is rented for $1,175/month, bringing total monthly rental income to $1,825. Tenants are responsible for all DTE utilities and partial water. - High ROI Potential – With stable tenants in place and minimal maintenance required after the renovations, this property offers an incredible investment opportunity with a 9.73% CAP rate, ensuring strong returns on your investment. Assuming a 15%-20% down payment on an investment property loan and today's interest rate, the monthly mortgage payment would be roughly $879. Property monthly rental income is $1,875. - New 6ft Privacy Fence – The fully fenced-in yard provides added privacy and security for tenants, enhancing the overall value of the property. - Two New Hot Water Heaters, New Windows, Updated Furnace – Both units are fitted with some new windows and an updated furnace, ensuring energy efficiency and comfort for tenants year-round. This property is legally zoned as a duplex but can easily be converted into a spacious single-family home, adding even more versatility for future owners.
Last checked:
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Last updated Dec 23, 2024
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MLS# 20240077603 —
The Building
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Year Built:1926
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New Construction:false
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Construction Materials:Brick
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Architectural Style:UpperLowerApartment
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Roof:Asphalt
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Levels:Three
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Basement:Unfinished
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Basement:true
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Foundation Details:Basement, Block
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Patio And Porch Features:Covered
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Above Grade Finished Area:1067.0
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Below Grade Total Area:849
Interior
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Fireplace:false
Room Dimensions
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Living Area:1067.0
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Living Area Source:PublicRecords
Location
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Directions:West of Livernois South of McNichols
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Cross Street:W McNichols & Livernois
The Property
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Parcel Number:W16I026955S
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Size Acres:0.07
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Lot Size Area:0.07
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Lot Size Dimensions:30.00 x 100.00
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Lot Size Units:Acres
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Zoning Description:Multi-Family
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Road Frontage Feet:30
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (248) 288-3500
- Office phone:
- (248) 288-3500
Taxes
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Tax Legal Description:W TULLER 193 GARDEN ADDITION NO 2 L14 P59 PLATS, W C R 16/295 30 X 100
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Tax Assessed Value:8550
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Tax Annual Amount:978.0
Baths
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Bathrooms Total:2
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Bathrooms Full:2
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Utilities:AboveGroundUtilities
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Sewer:PublicSewer
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Water Source:WateratStreet
Schools
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High School District:Detroit
The Community
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Subdivision Name:THE GARDEN ADDITION NO 2 (PLATS)
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Pets Allowed:No
Parking
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Attached Garage:false
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/19/24
Dec 19, 2024
|
Sold | REALCOMP | $136,000 | 0.8% |
|
11/27/24
Nov 27, 2024
|
Pending | REALCOMP | $134,900 |
