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Listed price in listed location currency (USD).
$199,000

640

MLS® 20261009550

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2904 sqft
Garage No
Taxes $3,266
Days Active 0
Lot Size 0.07 acres
Approx. Age 1924
Avg. Price Per Sqft $68
MLS® Number 20261009550

Property Address: 5827 Lumley St, Detroit, MI, 48210-1860

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place. Two of the three units are currently rented, generating a combined $2, 250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1, 000 per month. All units have been well cared for, and the property has a solid rental history. Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance. Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity. Do not miss this income-generating multifamily property.
MLS® Number20261009550
Laundry Level
Central VacNo
FireplaceNo
Acreage0.07
Exterior
GarageNo
Approx. Age1924
BasementFinished
DrivewayAlley Access, Covered, Drive Through, No Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 16, 2026List Date
$199,000List Price
Feb 21, 2025End Date
$168,000Sold Price

Sold

Jan 23, 2025List Date
$179,900List Price
  • Commute

Commute

Starting Address
Destination Address
5827 Lumley St, Detroit, MI

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