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5827 Lumley

Detroit, MI 48210
  • $199,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: 20261009550
UPDATED: 89 min ago
$199,000
  • 6
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 1,848
    SQFT
  • $108
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1924
County:

School Ratings & Info

School District:

Description

Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place. Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history. Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance. Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity. Do not miss this income-generating multifamily property.

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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: 2026-07-15T07:49:13.453.
www.sellsmi.com/homes/173085342
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5827 Lumley Detroit, MI 48210

  • Price: $199,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 89 min ago
  • MLS #: 20261009550
6
Beds
3
Baths
1
½ Baths
0.07
Acres
1,848
SQFT
$108
$/SQFT
1924
Built
Neighborhood:
Dendels Sub
County:
Wayne
Area:
Detroit (82001)
School District:
Detroit City School District
Property Description
Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place. Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history. Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance. Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity. Do not miss this income-generating multifamily property.
Exterior Features

Exterior Construction Vinyl Siding Foundation Type Basement Frontage 20 Lot Size 30X100 Roads Paved Street Structure Style More than 2 Stories Styles Colonial Waterfront YN No

Interior Features

Basement Type Finished Basement YN Yes Below Grade Sq Ft 1056 Below Grade Sq Ft Finished 1056 Fireplace YN No Fuel Type Natural Gas Heating System Forced Air Total Rooms 10

Property Features

Association Fee YN No Financial Terms CashConventional For Sale Or Rent For Sale Lease YN No Manufactured YN No Municipality Detroit Municipality Type City Ownership Private Principal Res Exempt YN No SEV 44900 Subject To Short Sale Approval No Summer Tax Amount 1633 Total Tax Amount 3266 Water Public Water Winter Tax Amount 1633

Listing courtesy of R2M Realty : 248-688-7838.

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: 2026-07-15T07:49:13.453.
 
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