5183 PENNSYLVANIA Street, Detroit, MI 48213

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$349,900

bedrooms

bathrooms

square feet

3,534

Acreage

0.1

Open Houses

year built

1925

Full Baths

Half Baths

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Discover this beautifully updated four-family flat that blends classic Detroit characters with modern upgrades. Each unit has been thoughtfully renovated, featuring sleek contemporary kitchens, stainless steel appliances, updated bathrooms, and sun-drenched living spaces that feel like home. Appraised well over asking at $420,000 Monthly Gross Rent: $3,975 ($1,025 + $950 + $950 + $1,050) Water: $1,100/year Taxes: Under $1,000/year Maintenance: Estimated $1,000/year Current Net Operating Income (NOI): ~$44,900 Current CAP Rate: ~10.7% Each unit is separately metered, tenants pay their own gas and electric, and there's off-street parking, a shared backyard, and strong curb appeal that’s rare to find at this level of finish. Upside Potential? Rents are solid now but under the market for updated 2-bed units in the area. With strategic rent increases over time or short-term rental opportunities, your cash flow could go from good to great. Whether you're an investor looking to grow your portfolio or a savvy buyer ready to live in one unit and let the others pay the mortgage — this one checks every box.

Location
Subdivision	ALBERT HESSELBACHER & JOSEPH S VISGERS (PLATS)
County	Wayne
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 20240087709

Listing agent: Elijah Cook

Listing broker: Keller Williams Royal Oak (248) 288-3500

Last update: Tuesday, April 8 2025 at 1:07 p.m. EDT

Kotohomes National