12741 Lawton Street
Detroit, MI 48238

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Description

**Turnkey Investment Opportunity – 9-Property Portfolio in Growing Detroit Market** Don't miss this rare opportunity to acquire a fully renovated portfolio of nine single-family homes, each offering 2 bedrooms, 1 bathroom, wood burning fireplace in each unit, with additional attic and basement space—ideal for added storage or future value potential. All properties were extensively renovated in 2024, featuring brand-new plumbing, electrical systems, flooring, roofs, furnaces, and hot water tanks, providing peace of mind and minimal maintenance for years to come. The kitchens have been completely updated with new flooring, cabinets, countertops, and appliances, while bathrooms include all new fixtures, delivering a clean, updated look tenants will love. This package also includes a vacant lot (2921 Glendale), currently used for tenant parking, adding convenience and increased rental appeal. Portfolio includes: 2901, 2903, 2907, 2911, 2915, 2919, 2921 (vacant lot) Glendale 12735, 12745 Lawton. All properties are lead certified and in compliance, making this a truly turnkey investment. Perfect for investors looking to scale quickly with a stabilized, updated rental portfolio. Important Details: Property rooms/room sizes are estimated and should be verified by the buyer or buyer's agent. A processing fee of 495.00 is required to be paid to the listing broker at closing. The buyer will receive a clean title, warranty deed, and title insurance for added peace of mind. Don't miss this opportunity schedule your showing today. All properties are occupied, please do not disturb the tenants.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48238
• Year Built: 1925
• School District: Detroit
• Basement: Yes
• Lot Size: 871 sq ft lot
• Zoning: Residential
• Construction Materials: Brick
• Directions: Linwood To Glendale To Lawton
• Gross Income: 105300
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.02
• Lot Size Square Feet: 871.2
• Lot Size Units: Acres
• Main Type: Multi Family
• Parcel Number: W12I006368S003
• Road Frontage: 17
• SEV: 20000
• Street Type: Paved
• Tax Annual Amount: 1437
• Tax Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2027. W LAWTON N 17.33 FT OF S 34.66 FT 53 N 17.33 FT OF S 34.66 FT OF E 13 FT 52 ROBERT OAKMANS CHERRY LANE SUB L38 P77 PLATS, W C R 12/268 17.33 X 48
• Total Approx Sq Ft All Bldgs: 1108
• Total Num Units: 9
• Util Availat Street: Public Sewer