MI > Wayne > Detroit > 7406 Oakland Street

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48211 Market info

$329,000

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  • 4 Units
  • 2,262 SqFt
  • MLS# 20230098023
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248-304-6700

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248-208-3883

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Excellent Air BnB and cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent.

Property Information

Status
Active 
Address
7406 Oakland Street 
City
Detroit 
Zip
48211 
Year Built
1910 
Style
Quadruplex 
Possession
Subject To Tena 
Architecture
2 Story 
Listing Date
11/20/2023 
Subdivision
Standishs (plats) 
County
Wayne 
Above Grade SqFt
2,262 
Total No of Units
4 

School Information

School District
Detroit 

Taxes

Summer Taxes
$1,745 
Winter Taxes
$164 

Rooms and Land

Lot Dimensions
30.00 x 122.00 
Total Acres
0.08 

Features

Style
Quadruplex 
Exterior Features
Lighting, Private Entry 
Basement
Unfinished 
Cooling
Ceiling Fan(s) 
Heating
Forced Air, Natural Gas 

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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
20230098023 Active Withdrawn Mar 21 2024 2:36PM $329,000 $340,000 524
20230098023 Withdrawn Active Mar 6 2024 2:06PM 524
20230098023 Active Withdrawn Jan 31 2024 11:05AM 524
20230098023 Withdrawn Active Jan 12 2024 12:37PM 524
20230098023 Active Nov 20 2023 4:36PM $340,000 524
20221044910 Withdrawn Active Oct 30 2023 12:06PM 397
20221044910 Sep 1 2023 11:05AM $365,000 $375,000 397
20221068051 Expired Active May 1 2023 2:16AM 107
20221068051 Mar 23 2023 9:05AM $1,200 $1,250 107
20221068051 Active Jan 13 2023 9:36AM $1,250 107
20221044910 Active Sep 28 2022 12:05PM $375,000 397
2200080927 Sold Pending Nov 21 2020 7:06PM $115,000 3
2200080927 Pending Active Oct 2 2020 12:48PM 3
2200080927 Active Sep 30 2020 2:15PM $139,900 3
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

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Listing Courtesy of Berkshire Hathaway Homeservices The Loft Warehouse
(313) 658-6400
Office Address 3434 Russell St Ste 101

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Our Michigan real estate agents can answer all of your questions about 7406 Oakland Street, Detroit MI 48211. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Detroit, Michigan real estate market. To sell or buy a home in Detroit, Michigan, contact our real estate agents as we know the Detroit, Michigan real estate market better than anyone with over 100 years of experience in Detroit, Michigan real estate for sale.

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7406 Oakland Street Detroit
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$329,000
For Sale • No. of Units: 4