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).
Property Details
Property Features
Property Information:
Architectural Style: Quadruplex
Year Built: 1910
Stories: 2
Living Area: 2,262 SqFt
Listing Office:
Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
Office Phone: (313) 658-6400
Listing Agent: Jan Dijkers
Interior Features
Interior Information:
Basement: Yes
Interior: Laundry Facility
Bedroom and Bathroom Information:
Full Bathrooms: 4
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Lighting, Private Entry
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Cooling: Ceiling Fan(s)
Other
Directions Information:
Directions: From I-75 S, turn right on E Grand Blvd, right on Oakland Ave, subject on right
Price Information
Listing Price Info
Price Summary:
List Price: $293,000
Price Per SqFt: $130/SqFt
Tax Information:
Annual Amount: $2,635
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $208K more than the Median Sold Price and $56/SqFt more than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240081013
Listing Office:
Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
Office Phone: (313) 658-6400
Listing Agent: Jan Dijkers
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
2
/10
University Preparatory Academy Psad Elementary School
435 Amsterdam St
Distance between this listing and this school0.77 miles
Public Charter Grades KG-5
1
/10
University Preparatory Academy (PSAD) Elementary School
957 Holden St
Distance between this listing and this school1.08 miles
Public Charter Grades KG-5
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school1.65 miles
Public Charter Grades KG-5
Nearby Schools
3
/10
Golightly Education Center
5536 Saint Antoine St
Distance between this listing and this school0.73 miles
Public District Grades PK-8
1
/10
University Preparatory Academy Psad Middle School
5310 Saint Antoine St
Distance between this listing and this school0.92 miles
Public Charter Grades 6-8
4
/10
Hanley International Academy
2400 Denton St
Distance between this listing and this school0.98 miles
Public Charter Grades PK-8
Nearby Schools
2
/10
Henry Ford Academy: School for Creative Studies (PSAD)
485 W Milwaukee St
Distance between this listing and this school0.70 miles
Public Charter Grades 6-12
4
/10
University Preparatory Academy Psad High School
600 Antoinette St
Distance between this listing and this school0.95 miles
Public Charter Grades 9-12
5
/10
Detroit International Academy for Young Women
9026 Woodward Ave
Distance between this listing and this school0.99 miles
The neighbors living near this home have an average income of $36,271. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 7406 Oakland St in Detroit, MI and zip code 48211 in the Midtown neighborhood. This 2,262 square foot home, which was built in 1910, sits on a 0.08 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $293,000.
In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.