12400 Barlow Street Detroit, MI 48205
Listing Courtesy of: REALCOMP / Century 21 Curran & Oberski / Craig Covert

  12400 Barlow Street Detroit, MI 48205

Active (16 Days)


**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! Seller will finance and approve reasonable land contract terms, property trades/1031 exchanges and is open to all reasonable offers and seller concessions. This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!

MLS #:
Lot Size
3,920 SQFT
Year Built
School District
Wayne County

Listed By

Craig Covert, Century 21 Curran & Oberski
Last checked Jul 21 2024 at 7:33 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
  • Gratiot Highlands Sub (plats)
Property Features
  • Foundation: Basement
Heating and Cooling
  • Forced Air
Basement Information
  • Unfinished
Pool Information
  • 0
Utility Information
  • Utilities: Public (Municipal)
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Fuel: Natural Gas
  • 2 Story
Additional Listing Info
  • Buyer Brokerage Commission: 3%
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Copyright 2024 RealComp MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 6/4/24 07:12