5900 LENOX STREET

Attention Investors & House Hackers! Amazing opportunity to own an income-producing duplex just 1 block from Chandler Park on Detroit's Eastside! Lease both units out for cash flow OR live in one unit and rent the other! This duplex features two 2 Bed 1 Bath units just over 1000 sqft each. Lower unit is currently leased for $900/month & the upper unit is currently vacant & actively listed for lease at $900/month. Potential Cap Rate when fully leased will be 10% or higher! The property includes numerous updates & renovations including new roof, refinished hardwood floors throughout, 2 furnaces & duct work, 2 hot water tanks, updated kitchens & flooring, drywall & painting, & much more! (Scope of Work available) The basement is accessible by both units through the main foyer. There is a parking pad out back for 2 vehicles or street parking is also available. The lower unit features an enclosed porch, while the upper unit has its own balcony space. AWESOME LOCATION - walk or bike to Chandler Park, Detroit’s fourth largest park with 200 acres of sports fields, sports courts, skate park, walking paths, aquatic facility, and a golf course. A new indoor Recreation Facility is being constructed in the park, and most recently playground & picnic amenities were added. Easy access to I-94 - Just an 11 minute drive to Downtown Detroit or the Grosse Pointes. Don't miss out on this opportunity! *Some exterior photos include enhanced landscaping.* Part of a 3-property rental portfolio in Detroit that can be sold individually or together - 15776 Snowden, Detroit (SFH - MLS#20240038451) & 15716 Cherrylawn, Detroit (Duplex - MLS#20240053592)