DETROIT, MI 48206

DETROIT BRICK DUPLEX | TWO UNITS • VALUE-ADD OPPORTUNITY • $41,300

TWO UNITS. TWO INCOME STREAMS. ONE OPPORTUNITY TO BUILD EQUITY.

Looking for a Detroit investment where the acquisition price leaves room to execute your own renovation strategy?

Take a look at this brick duplex on Montgomery Street.

Offered at just $41,300, this property gives investors an opportunity to acquire a two-unit asset at approximately $20,650 per unit, reposition it through renovation, and pursue either a long-term rental strategy or a renovated resale.

This isn't a turnkey investment. It's a substantial value-add project for an investor who knows how to renovate, manage costs, and recognize potential in Detroit's existing multifamily housing stock.

THE OPPORTUNITY AT A GLANCE

Purchase Price: $41,300

BUY IT NOW: $43,100

Property Type: Two-Family / Duplex

Unit Configuration: Two 3-Bedroom Units

Total Bedrooms: 6

Estimated Living Area: 2,310 SF 

Construction: Brick

Year Built: Approximately 1916

Working Renovated ARV: Approximately $215,000, subject to buyer verification

Preliminary Renovation Allowance: Approximately $125,000, subject to contractor inspection

Dispo Contact: Evan | EZ REI Closings

WHY THIS PROPERTY DESERVES A LOOK

1. Two units for less than $45K

At this acquisition basis, investors aren't paying a stabilized multifamily price. They're acquiring the opportunity to create a stabilized asset.

The low purchase price provides flexibility to allocate more capital toward the improvements that matter: building systems, functional layouts, kitchens, bathrooms, and durable rental-ready finishes.

2. Brick construction and established Detroit character

This is the type of existing housing stock that can appeal to investors who specialize in restoring older Detroit properties.

Rather than starting with vacant land or new construction, you're working with an established two-unit building and an existing residential layout.

3. Multiple potential exit strategies

Renovate & Rent: Restore both units and pursue two separate rental income streams, subject to verified market rents and operating expenses.

Renovate & Resell: Complete a comprehensive renovation and evaluate resale potential against renovated multifamily comparables.

Buy & Hold: Acquire at a relatively low initial basis, improve the asset over time, and pursue long-term ownership.

The opportunity is in the flexibility to choose a strategy that fits your renovation experience, financing, and investment goals.

PRELIMINARY INVESTMENT NUMBERS

Investment Metric Estimate

Purchase Price $41,300

Preliminary Renovation Budget $125,000

Purchase + Renovation $166,300

Working Renovated ARV $215,000

Difference Before Other Costs $48,700

These are preliminary planning figures, not guaranteed returns. The difference shown does not account for acquisition closing costs, financing, carrying expenses, resale costs, or unexpected repairs. Buyers should independently verify comparable sales, renovation scope, and projected values.

RENOVATION POTENTIAL

This property is best suited for an experienced investor prepared to complete a substantial renovation.

The scope should be evaluated with an emphasis on building systems, structural and exterior condition, unit interiors, kitchens, bathrooms, and overall rental or resale readiness.

With the right renovation plan, the goal is straightforward: transform an underutilized two-family property into a functional asset capable of serving two households.

Bring your contractor. Run your numbers. Evaluate the upside.

THE BOTTOM LINE

Opportunities like this are about buying at a basis that allows an investor to create value through execution.

$41,300 gets you into a brick Detroit duplex with two units and multiple potential exit strategies.

For the investor with the right renovation team and a disciplined budget, this is a property worth putting on the walkthrough list.

READY TO TAKE A CLOSER LOOK?

Purchase Price: $41,300

BUY IT NOW: $43,100

Contact Evan with EZ REI Closings for property details, available photos, access information, and next steps.

Serious investors encouraged to reach out.

*Property is offered as-is. All property characteristics, unit configuration, square footage, condition, renovation costs, projected value, and investment assumptions should be independently verified by the buyer. No rental income or