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USAMIDetroitEast Detroit Development Cos No 3 (Plats)5025 Somerset Ave
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$174,900

5025 Somerset Ave, Detroit, MI

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 1772 sqft
Garage No
Taxes $3,567
Days Active 31
Lot Size 
Approx. Age 1929
Avg. Price Per Sqft $98
MLS® Number 20251003378

Property Address: 

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

Description

Welcome to 5025 Somerset, a fully renovated, vacant duplex nestled in one of Detroit’s resurging neighborhoods. It's perfect for first-time buyers looking to house hack or investors seeking strong cash flow from day one. This property has been completely upgraded in 2024-2025, offering peace of mind with all major systems modernized: New roof New PVC plumbing and updated electrical New furnace and hot water tank (to be installed prior to appraisal) Brand-new appliances in both units (refrigerator, stove/oven, microwave) Each unit is move-in ready: Upper Unit – 1 bedroom, projected rent: $750/mo Lower Unit – 2 bedrooms, projected rent: $1, 250/mo Estimated Total monthly income: $2, 000 With low estimated expenses—currently estimated property taxes are around $3, 500 annually and a projected mortgage of around $1, 600/mo—this property delivers an estimated CAP rate of 9.6% (based on projected net income), making it a prime buy-and-hold or house-hack opportunity. Additional highlights: Privacy fence for added security and outdoor enjoyment Located minutes from Downtown Detroit, major freeways, and local shopping, Vacant and ready for immediate occupancy or lease-up Whether you’re an investor looking to expand your portfolio or a first-time homebuyer ready to build equity, Somerset checks all the boxes. Schedule your tour today and lock in your next income-producing asset.Show Description
MLS® Number20251003378
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageNo
Approx. Age1929
BasementInterior Entry, Unfinished
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

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