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31 W Barrett

Madison Heights, MI 48071
  • $275,000
  • STATUS: Active
  • ON SITE: 186 Days
  • MLS #: 20261007644
UPDATED: 71 min ago
$275,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,584
    SQFT
  • $174
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

School District:

Description

Welcome to 31 Barrett, a prime upper-lower duplex offering strong cash flow and value-add upside. This property was appraised at $290,000 in December 2025 and features two separate units with tenants currently on month-to-month leases, providing flexibility for an investor to come in, make improvements, and raise rents. The upper unit is Section 8 and rented month to month, while the lower unit offers significant value-add potential and is also month to month. Utilities are paid directly by the tenants, with water paid by the landlord and reimbursed through a bill-back system. This is an excellent opportunity for an investor seeking a solid rental or an owner-occupant looking to house hack while enjoying nearby local conveniences. Seller is open to a mortgage takeover with a minimum of 25% down (non-negotiable). Don't miss your chance to secure a great cash-flowing duplex with upside potential

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-11T15:56:28.65.
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31 W Barrett Madison Heights, MI 48071

  • Price: $275,000
  • Status: Active
  • On Site: 186 Days
  • Updated: 71 min ago
  • MLS #: 20261007644
0
Beds
2
Baths
0
½ Baths
0.1
Acres
1,584
SQFT
$174
$/SQFT
1928
Built
Neighborhood:
Slater Park Sub
County:
Oakland
Area:
Madison Heights (63252)
School District:
Madison Public Schools
Property Description
Welcome to 31 Barrett, a prime upper-lower duplex offering strong cash flow and value-add upside. This property was appraised at $290,000 in December 2025 and features two separate units with tenants currently on month-to-month leases, providing flexibility for an investor to come in, make improvements, and raise rents. The upper unit is Section 8 and rented month to month, while the lower unit offers significant value-add potential and is also month to month. Utilities are paid directly by the tenants, with water paid by the landlord and reimbursed through a bill-back system. This is an excellent opportunity for an investor seeking a solid rental or an owner-occupant looking to house hack while enjoying nearby local conveniences. Seller is open to a mortgage takeover with a minimum of 25% down (non-negotiable). Don't miss your chance to secure a great cash-flowing duplex with upside potential
Exterior Features

Exterior Construction Aluminum Foundation Type Basement Frontage 40 Lot Size 40.00 x 105.00 Roads Paved Street Structure Style 2 Story Styles Bungalow Waterfront YN No

Interior Features

Basement Type Block Basement YN No Cooling System Ceiling Fan(s)Central A/C Fireplace YN No Fuel Type Natural Gas Heating System Forced Air

Property Features

Financial Terms CashConventionalFHAVA For Sale Or Rent For Sale Lease YN Yes Municipality Madison Heights Municipality Type City Net Operating Income 32400 Ownership Private Property Type Multi-Family SEV 92850 Subject To Short Sale Approval No Summer Tax Amount 4463 Taxable Value 87780 Total Tax Amount 5501 Water Public Water Winter Tax Amount 1038 Zoning Multi-Family

Listing courtesy of Keller Williams Paint Creek : 248-609-8000.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-11T15:56:28.65.
 
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