3
See all 3 photos
$42,500
Est. payment /mo
2 BA
4,356 Sqft Lot
New
3028 GRAY Street Detroit, MI 48215
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UPDATED:
02/23/2025 11:03 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250011630
Originating Board Realcomp
Year Built 1924
Annual Tax Amount $722
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 122.00
Property Description
Located in a thriving, up-and-coming neighborhood, 3028 Gray offers a fantastic opportunity for investors or buyers looking for a manageable rehab project. This duplex provides two separate units, offering flexibility for either rental income or as a future home. The neighborhood is home to a large Detroit employer, adding to the appeal of the location and ensuring a steady demand for housing. In addition, the community boasts great neighbors who take pride in their homes, creating a welcoming atmosphere for residents.With minimal updates needed, including furnace installation and some minor bathroom improvements, this property is an excellent investment in a growing area with a lot of upside. The affordable price point and the neighborhood's revitalization make 3028 Gray an attractive choice for those looking to capitalize on Detroit's real estate market.Key Features:Duplex with two separate unitsFurnace installation and bathroom updates requiredGreat investment potential in a developing neighborhood with a large Detroit employerFriendly, well-established neighbors contributing to a tight-knit communityClose to local amenities, shops, and public transportationLand Bank Notes:Land Bank property requiring furnace installation and bathroom updates to meet inspection standardsIdeal for investors looking for a property with minimal rehab needed to pass Land Bank inspectionAffordable opportunity to enter Detroit's real estate market with high potential for long-term value
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction north on mack right on gray
Interior
Heating Forced Air, Hot Water
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I048539S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"REO/Bank Owned":true}
Listed by KW Metro