REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Oct

Sat

Nov

Sun

Nov

Katie Wright

kawrealty@gmail.com +1(248) 403-3182

$ 50,000

Est. payment -/mo

Save

New

15865 Cloverlawn Street Detroit, MI 48238

2 Beds

2 Baths

1,429 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,429 sqft

Price per Sqft $34

Subdivision University Manor

MLS Listing ID 20251050262

Style Duplex

Bedrooms 2

Full Baths 2

Year Built 1927

Annual Tax Amount $2,826

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 35X100

Property Sub-Type Duplex

Source Realcomp II Ltd

Property Description

Investor special in Detroit's up-and-coming Fitzgerald neighborhood! This solid brick duplex at 15865 Cloverlawn St features two 2-bedroom, 1-bath units located directly across the street from Mary McLeod Bethune Academy and just minutes from University of Detroit Mercy and Marygrove College. The property has a NEWER ROOF, approximately three years old, and is currently fully occupied with a month-to-month tenant paying $950 per month to occupy both units, providing immediate income with room to increase rents. Each unit offers a spacious layout and strong bones, with plenty of potential for value-add updates to maximize returns. Market rents in the area average $800–$900 per unit, offering a great opportunity for investors to improve cash flow through light renovations or repositioning. The Fitzgerald neighborhood has benefited from significant revitalization efforts, including the $4 million Fitzgerald Revitalization Project, which continues to attract investment and new development. This property offers an affordable entry point into a growing neighborhood with long-term appreciation potential, perfect for both new and experienced investors. At the current rent, the duplex still offers a respectable ~10.8% cap rate. Once re-rented at market levels, the property becomes a cash-flow powerhouse, with a 23–27% cap rate, depending on the rent achieved. This highlights a major value-add opportunity for an investor to buy based on current performance but realize significantly higher returns once the property is repositioned.

Location

State MI

County Wayne

Area Det 6-Tire - Grnfld - Livernois

Zoning Residential

Direction South of Puritan Ave, East of Wyoming Ave

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Porch Porch

Road Frontage Paved

Garage no

Private Pool No

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Architectural Style Duplex

Level or Stories 2 Story

Structure Type Brick,Vinyl

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W16I031286S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Gentraia Brown of RE/MAX City Centre

Katie Wright

Broker Associate | License ID: 387021

+1(248) 403-3182

Katie Wright

15865 Cloverlawn Street Detroit, MI 48238

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

15865 Cloverlawn Street