Multi-Family $ 239,900

648 Alter RD

Detroit, MI 48215

  • 2 Baths
    Full Baths: 2
  • 2,988 SqFt
  • 6,969 Lot Size
  • 1959 Year Built
Great Investment Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this versatile multi-unit property offers strong income potential in a rapidly appreciating area. Perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. The lower unit is owner occupied and could command approximately $1,700 per month in rent, while the upper unit is currently leased through October 1, 2026, and rents for approximately $800 per month. Separate living spaces provide flexibility to rent both units or live in one and lease the other. Features include a spacious lot, detached two-car garage, basement storage, and a highly desirable location near waterfront parks, dining, and downtown Detroit amenities. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this property is packed with potential.
Listed by Vie Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type MultiFamily

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 988 sqft

    Price per Sqft $80

    Subdivision Windmill Pointe Sub Also P6

    MLS Listing ID 20261045961

    Style UpperLowerApartment

    Full Baths 2

    Year Built 1959

    Lot Size 6,969 Sqft

    Acres 0.16

    Property Sub-Type MultiFamily

  • Location

    State MI

    County Wayne

    Area Area05066Detmcclellaneastmacktoshore

  • Rooms

    Basement Unfinished

  • Building

    Foundation Basement, Block

    Sewer Public Sewer

    Water Public

    New Construction No

  • Interior

    Heating Forced Air, Natural Gas

    Cooling Central Air

    Fireplace No

  • Exterior

    Parking Features Garage

    Pool None

    View Y/N No

    Garage true

  • Schools

    School District Detroit

  • Others

    Senior Community false

    Acceptable Financing Cash, Conventional, FHA, VaLoan

    Listing Terms Cash, Conventional, FHA, VaLoan

    Special Listing Condition ShortSaleNo, Standard

    Pets Allowed Yes

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CONTACT

Matt Demorest
Matt Demorest

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