10000 Broadstreet Ave, Detroit, MI 48204

GORGEOUS 7 BEDROOM 2 FULL BATHROOM BRICK BEAUTY DUPLEX OOZING WITH CHARACTER JUST FOOTSTEPS AWAY FROM ICONIC AND HISTORIC RUSSEL WOODS DISTRICT WHERE HOME VALUES ARE 300K-500K. TOTAL CURRENT SECTION 8 RENT IS $2,946 AND TENANTS PAY UTILITIES + BOTH TENANTS JUST SIGNED NEW 1 YEAR LEASES ON MAY 20 2025. Zillow estimate is upside down. This property will easily appraise over 200K. This character filled giant brick multifamily 3bed 1bath upper unit and 3bed 1bath lower unit w/ bonus 4th bedroom in basement has been fully restored and has gorgeous high ceilings and beautifully flowing nice new grey carpet throughout. The property is perfectly located in the investor friendly area just footsteps away from Detroit’s famous Russell Woods Historic District. Minutes away from all sorts of freeways, grocery stores and restaurants. There has been an enormous revitalization push in this area over the passed year as well as rehabs on most streets at any given time. Home values have been steadily increasing year after year for the passed 15 years in Detroit and this neighborhood. The surrounding comps put the property value easily at 220K. Not to mention the solid government section 8 rent that is wired into your account every month like clockwork. At $2,946 a month in section 8 rent + utilities puts this investment property at approximately a 20% annual return as well as at the 2% rule. This turnkey property also comes with In-house management if required. Broadstreet has received one of our full jumbo delux rehab packages and included in our renovation and restoration package are as follows; A new roof. Vinyl windows. Mostly all new electrical, new breaker panels, new meter cans, new wire, new junction boxes, new grounded service line, new plugs, new gcfi’s, new switches, all new LED lighting/fixtures. Mostly all new plumbing as well, many new pex lines, some new PVC including PVC stack, new vanities, new faucets, new fixtures, new toilets, new kitchen sinks and countertops and more. All new kitchen and bathroom flooring as well. All new interior and exterior paint. New countertops and cabinets. All new blinds. Entirely new duct work and new HVAC for lower unit . New HWT for upper unit. New security camara’s and flood lights. Fridge and stove are included for both units as well. Furthermore, the 1500 sqft basement has been finished and is a very dry basement. No backups or rain water coming in whatsoever nor has there been any back ups in passed 3 years and has that 4th bonus bedroom mentioned for the lower unit. Both upper and lower units are roughly 1700 SQFT each making it a very comfortable living environment. Especially with each unit also boasting large front and back balconies with views as well as comfortable porches. Both flats are fully carpeted units and showcase large sweeping living room , large dinning room , extra large kitchens, large bedrooms, hallways, full bathrooms and fully seperate basements with tons of storage space. Each unit also has 2 seperate and private entryways. Again, both current, new 1 year section 8 leases that are in place for this property are as follows; Upper tenant paying $1535 and lower tenant paying $1,411 = $2,946 a month + they pay utilities. Lastly, this property has a full and clear and marketable Warranty Deed that will be delivered to buyer via reputable and established third party Title Company at the time of closing. Feel free to contact me directly for any additional information. Location Location Location .. 3 blocks down from Russell Woods Historic District, new church re-opening directly accross the street in front. Directly behind our property is a high school AND middle school. Neighbors to the right and left are also amazing!