MI > Detroit > Graceland
Detroit, MI 48238,15478 Northlawn ST
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Detroit, MI 48238,15478 Northlawn ST
Detroit, MI 48238,15478 Northlawn ST
Detroit, MI 48238,15478 Northlawn ST
Detroit, MI 48238,15478 Northlawn ST
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Tim Sova

Tim Sova

+1(810) 844-2316
$ 274,900
Est. payment /mo
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Active

15478 Northlawn ST Detroit, MI 48238

2 Baths

1,580 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 1,580 sqft

Price per Sqft $173

Subdivision Graceland

MLS Listing ID 20251045013

Style Colonial,UpperLowerApartment

Full Baths 2

Year Built 1929

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type MultiFamily

Property Description

ATTENTION!! Home owners and Investors! An exceptional cash-flow opportunity awaits with this fully remodeled multi-family property, complete with a SEPARATE 1-bedroom, 1-bathroom BONUS home — ideal for short-term rentals or additional passive income. Strategically located near Downtown Detroit, Wayne State University, and the University of Detroit Mercy, this property offers strong rental demand and multiple income streams in one impressive package. The main residence features two updated units with modern finishes and high-quality renovations throughout. The lower unit is currently occupied by a tenant on a month-to-month lease who's eager to stay long term, providing immediate and stable cash flow for investors. The upper unit is turnkey and ready for lease or owner-occupancy. The separate rear home is a standout ASSET — a fully functional 1-bedroom, 1-bathroom house with a spacious living room, full kitchen and bath. This detached dwelling opens the door for Airbnb, VRBO, corporate leasing, or traditional rentals, giving investors the flexibility to maximize returns through diversified income options. Situated on a large fenced parcel with an additional adjacent lot, this property offers expanded outdoor space for tenants, potential value-add enhancements, or future development possibilities. This is a RARE opportunity to acquire a high-performing, low-maintenance asset in one of Detroit's most desirable investment corridors. Perfect for both experienced investors seeking reliable returns, new investors looking for a solid entry into the market, or that saavy home owner looking for the perfect house hacking scenario! Schedule your showing today and make this the perfect acquisition to cap off the year! Please do not disturb the occupant. Showings will be for the upstairs unit and rear property ONLY. Access to the occupied unit will be granted during time of inspection after an accepted offer. Thank you for your consideration. Photos taken prior to tenant.

Location

State MI

County Wayne

Area Area05042Det6Tiregrnfldlivernois

Rooms

Basement Full, Unfinished

Interior

Heating ForcedAir, NaturalGas

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer PublicSewer

Water WateratStreet

New Construction No

Schools

High Schools Detroit

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

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Clayton Neal of KW Metro
Tim Sova

Tim Sova

Broker Associate

+1(810) 844-2316

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