MI > Detroit > Linwood Heights Sub
Detroit, MI 48206,2741 Monterey Street
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Detroit, MI 48206,2741 Monterey Street
Detroit, MI 48206,2741 Monterey Street
Detroit, MI 48206,2741 Monterey Street
Detroit, MI 48206,2741 Monterey Street

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Larry Else

Larry Else

Downtown Realty

+1(313) 315-3215
$ 289,900
Est. payment /mo
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2741 Monterey Street Detroit, MI 48206

1 Bath

2,700 SqFt

UPDATED:

02/21/2025 07:45 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $107

Subdivision Linwood Heights Sub

MLS Listing ID 58050166728

Full Baths 1

Originating Board MiRealSource

Year Built 1925

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35 x 121

Property Description

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"

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Interior

Heating Forced Air, Separate Meters

Fireplace no

Heat Source Natural Gas

Exterior

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal)

Level or Stories 2 Story

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W10I003416S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Sotero Lopez II of EXP Realty LLC
agent

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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