MI > Wayne > Detroit > 14534 Lappin Street
  • 3 Bedrooms
  • 1 Full Bath
  • 1,190 SqFt
  • MLS# 20230081051
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248-304-6700

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248-208-3883

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A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.

Property Information

Status
Active 
Address
14534 Lappin Street 
City
Detroit 
Zip
48205 
County
Wayne 
Township
Detroit 
Possession
Rental Agreemen 
Property Type
Residential
Listing Date
09/25/2023 
Subdivision
Gratiot American Park 
Total Finished SqFt
1,190 
Above Grade SqFt
1,190 
Garage
2.0 
Garage Desc.
Detached 
Water
Public (Municipal)
Sewer
Public Sewer (Sewer-Sanitary)
Year Built
1927 
Architecture
1 1/2 Story 
Home Style
Bungalow 

School Information

School District
Detroit 

Taxes

Summer Taxes
$997 
Winter Taxes
$91 

Rooms and Land

Bedroom2
15.00X24.00 2nd Floor
Bedroom3
11.00X12.00 1st Floor
Bedroom4
11.00X12.00 1st Floor
Bath2
0X0 1st Floor
Basement
Unfinished 
Heating
Forced Air, Natural Gas 
Acreage
0.1 
Lot Dimensions
35.00 x 127.00 

Features

Exterior Materials
Brick 

Mortgage Calculator

years
annual
annual

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20230081051 Active Sep 25 2023 3:08PM $70,000 218
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIRC Logo

Listing Courtesy of Realteam Real Estate
(586) 580-8092
Office Address 8250 9 Mile Road

14534 Lappin Street Detroit
Contact us
$70,000
For Sale • Bed: 3 • Bath: 1/0