LKV Realty
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$239,900
$1,150Reward *
1583 Hurlbut Street, Detroit, MI 48214Listing ID 61008581

1583 Hurlbut Street, Detroit, MI 48214

Active
Waterworks (Plats)
Time on site: 42 daysLast updated: 2 days ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Duplex
Bathrooms
Bathrooms
2
Square Feet
Square Feet
2,556
Acres
Acres
0.09
Days on Site
Days on Site
41
Heating
Heating
Forced Air
Year Built
Year Built
1907
Stories
Stories
2
Parking
Parking
On Street

High-yield Detroit duplex with stable income and value-add upside. Prime investment structure: two-unit duplex (multi-family zoning) with 3-bedroom units--ideal for long-term rental demand and simple portfolio scaling. Fully occupied with tenant possession and existing leases in place, delivering immediate cash flow from day one; rent reportedly includes sewer and water. Favorable operating footprint: 33 x 115 lot, paved road frontage, on-street parking and public utilities (water/sewer/cable available), simplifying management and lowering capital surprises. Solid building fundamentals: built 1907 with poured full basement (approx. 1,045 sq ft) and updated systems possible to prioritize for value-add; duplex layout and two-story configuration support unit-level renovations and rent bumps. Complete renovation 2024 inside and out. Updated plumbing, electrical with new service pannels, HVAC with new furnances, all seperate utilities except one water meter that the tenants split the bill. New windows, roof & exterior siding, new decking and patios. Financial edge for buyers: lower listing price (seller motivated to move to larger multifamily) creates opportunity for immediate equity and accelerated returns through modest rent increases, expense optimization, or unit upgrades. Compare to comparables in the $300,000+ range. Quick due-diligence wins: clear public records (property ID W1910048775S) and mapped location in Detroit (zip 48206) enable fast underwriting and neighborhood comparables. Financing and exit: Detroit investor-friendly loan products exist for small multifamily; current 30-year fixed quotes near 7% for approved credit may apply--shop multiple lenders for best leverage to boost cash-on-cash returns.

Property Information

Property Details

Location

Address
1583 Hurlbut Street
County
Wayne
City
Detroit
Zip Code
48214
Subdivision
Waterworks (Plats)
School District
Detroit City School District
MLS Area
Detroit (82001)
Fresh Start Homes, (248) 413-5201

Interior Features

Beds and Baths

Full Bathrooms
2

Building

Building Information

Square Feet
2,556
Year Built
1907
Stories
2
Construction
Vinyl Siding
Foundation
Basement

Financial

Special Conditions
Standard

Property Taxes

Tax Annual Amount
$5,211

Market Report for 48214

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MiRealSource
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Originating MLS: MiRealSource

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource,Inc.

For corrections to this data please contact Brytecore MLS Support.

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