7406 Oakland St
Detroit, MI 48211
- – beds
- 4 baths
- 2,262 sqft
- 3,485 sqft lot
- $129 per sqft
- 1910 build
- – on site
Excellent Air BnB and cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request. Property is rental certified with the City of Detroit (certificate of compliance).
Last checked:
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Last updated Nov 19, 2024
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MLS# 20240081013 —
The Building
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Year Built:1910
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Construction Materials:Aluminum, Brick, Vinyl
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Roof Material:Asphalt
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Architectural Style:Quadruplex
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Foundation:Brick/Mortar
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Foundation Details:Basement
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# of Units Total:4
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Stories:2 Story
Interior
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Features:Laundry Facility
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Basement:Yes
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Basement Type:Unfinished
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Fireplace:No
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Total:2,262 Sqft
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Total Combined:2,262 Sqft
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Total Basement:445 Sqft
Financial & Terms
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Land Contract:No
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Short Sale:No
Location
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Directions:From I-75 S, turn right on E Grand Blvd, right on Oakland Ave, subject on right
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Directions From North South Detail:E Grand Blvd / 75 Fwy S
The Property
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Property Type:Multifamily
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Parcel Number:05004669
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Exterior Features:Lighting, Private Entry
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Zoning:Multi-Family, Residential
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Homestead:No
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Lot Size Dimensions:30.00 x 122.00
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Lot Size Area:0.08
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Frontage Feet:30
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Pool:No
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Waterfront:No
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Road Frontage Type:Paved, Pub. Sidewalk
Listing Agent
- Contact info:
- Agent phone:
- (313) 658-6400
- Office phone:
- (313) 658-6400
Taxes
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Total Taxes:$1,917
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Tax Amount Summer:$1,745
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Tax Amount Winter:$172
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Cooling:Ceiling Fan(s)
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Heating:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary)
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Water Source:Public (Municipal)
Appliances
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Laundry Facilities:Yes
Schools
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School District:Detroit
The Community
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Subdivision Name:STANDISHS (PLATS)
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Pets Allowed:Yes
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Assessment:340.00
Parking
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MF Parking:On Street
Extra Units
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Unit Efficiency Number Of:1
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Unit One Bed Number Of:2
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Unit Two Bed Number Of:1
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2024 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. ©2024 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 |
|---|---|---|---|---|
|
10/25/24
Oct 25, 2024
|
Listed / Active | REALCOMP | $293,000 | 154.8% (39.4% / YR) |
|
11/19/20
Nov 19, 2020
|
REALCOMP | $115,000 | -17.8% | |
|
10/2/20
Oct 2, 2020
|
REALCOMP | $139,900 |
