Skip To Content

3235 Monterey

Detroit, MI 48206
  • $290,000
  • STATUS: Active
  • ON SITE: 152 Days
  • MLS #: 20261015773
UPDATED: 72 min ago
$290,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 3,538
    SQFT
  • $82
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

School District:

Description

Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4,200 per month in rental income, making it an excellent addition to any investor's portfolio. The property has been thoughtfully updated throughout, offering modern improvements while complementing the character of the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions. Nearby amenities include the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With stable income already in place and a prime location in one of Detroit's most notable historic districts, this property presents a compelling opportunity for investors seeking both cash flow and long-term appreciation.

Monthly Payment Calculator



[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: 2026-08-11T14:54:54.597.
www.sellsmi.com/homes/173970350
Print Image

3235 Monterey Detroit, MI 48206

  • Price: $290,000
  • Status: Active
  • On Site: 152 Days
  • Updated: 72 min ago
  • MLS #: 20261015773
0
Beds
3
Baths
1
½ Baths
0.14
Acres
3,538
SQFT
$82
$/SQFT
1924
Built
Neighborhood:
Linwood Heights
County:
Wayne
Area:
Detroit (82001)
School District:
Detroit City School District
Property Description
Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4,200 per month in rental income, making it an excellent addition to any investor's portfolio. The property has been thoughtfully updated throughout, offering modern improvements while complementing the character of the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions. Nearby amenities include the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With stable income already in place and a prime location in one of Detroit's most notable historic districts, this property presents a compelling opportunity for investors seeking both cash flow and long-term appreciation.
Exterior Features

Exterior Construction Brick Foundation Type Basement Lot Size 52.5X120.5 Roads Paved Street Structure Style 2 Story Waterfront YN No

Interior Features

Basement YN No Fireplace YN No Fuel Type Natural Gas Heating System Forced Air

Property Features

Financial Terms CashConventional For Sale Or Rent For Sale Lease YN Yes Municipality Detroit Municipality Type City Net Operating Income 40000 Ownership Private Property Type Multi-Family SEV 38300 Subject To Short Sale Approval No Summer Tax Amount 2713 Taxable Value 33301 Total Tax Amount 4403 Unit1 Rent Rate 1050 Unit2 Rent Rate 1050 Unit3 Rent Rate 1050 Unit4 Rent Rate 1050 Water Public Water Winter Tax Amount 1690

Listing courtesy of NATOD Management : 248-609-7108.

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: 2026-08-11T14:54:54.597.
 
https://bt-photos.global.ssl.fastly.net/realsource/orig_boomver_1_60975397-2.jpg https://bt-photos.global.ssl.fastly.net/realsource/orig_boomver_1_60975397-2.jpg https://bt-photos.global.ssl.fastly.net/realsource/orig_boomver_1_60975397-2.jpg
Logo
The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507