$199,000

5827 Lumley Street, Detroit, MI 48210

  • 6 beds |
  • 4 baths |
  • 2,904 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $69/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place. Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history. Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance. Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity. Do not miss this income-generating multifamily property.

Listing Status:
Active
Data Last Updated:
February 28, 2026 at 3:42AM
Listing Office:
R2M Realty : 2486887838
Listing Agent:
Md Ashraf Karim : 3472796245
MLS ID:
20261009550
  • Basement: Finished
  • Heating: Forced airNatural gas
  • Style: Colonial
  • Pool: None
  • Parking: Alley accessCoveredDrive throughNo garage
  • General: Vinyl sidingThreeBasementPoured
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Detroit
  • County: Wayne
  • Zoning: W LUMLEY 40 DENDELS SUB L47 P79 PLATSW C R 20/440 30 X 100W20I008643S
  • Water: Public
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

This listing courtesy of Md Ashraf Karim , R2M Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Priest Elementary-Middle School

7840 Wagner St, Detroit, MI, 48210

Grades PK-8

0.08 miles away

P

Priest Elementary-Middle School

7840 Wagner St, Detroit, MI, 48210

Grades PK-8

0.08 miles away

A

Academy of the Americas High School

5680 Konkel St, Detroit, MI, 48210

Grades 4-12

1.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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