Mike Smith
BEDS0
BATHS2 full
SQUARE FEET2,988
MLS#20261045961
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWindmill Pointe Sub Also P6
SCHOOLDetroit
Property Description
Great Investment Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this versatile multi-unit property offers strong income potential in a rapidly appreciating area. Perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. The lower unit is owner occupied and could command approximately $1,700 per month in rent, while the upper unit is currently leased through October 1, 2026, and rents for approximately $800 per month. Separate living spaces provide flexibility to rent both units or live in one and lease the other. Features include a spacious lot, detached two-car garage, basement storage, and a highly desirable location near waterfront parks, dining, and downtown Detroit amenities. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this property is packed with potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Upper/Lower Apartment
Lot Size: 0.16 Acres
Year Built: 1959
Feature Descriptions
Architecture: Upper/Lower Apartment
Exterior: Brick, Vinyl
Foundation: Basement
Frontage Feet: 50
Lot Dimensions: 0.16 Acre(s)
Road Frontage: Paved
Summer Tax: $56.0000
Water Heater: Natural Gas
Winter Tax: $69.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: Vie Real Estate
Agency Phone: (248) 600-4669
Shown By
Agent Name: Mike Smith
Agent Phone: (586) 382-3167
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,411.90 per month $1,341.93 Principal & Interest $0.00 Property Tax (data not provided by mls) $69.97 Homeowner's InsuranceChange Payment Information
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Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598 | Illinois LIC# 481014661 640 S Washington St. Suite 212, Naperville, IL 60540
Agent License Information: Brokerage/Company License Number: MI-65-05366134
648 Alter Road | MLS# 20261045961
This multi-family property located at 648 Alter Road , Detroit, MI 48215 is currently listed for sale with an asking price of $239,900. Alter Road is located within the Detroit school district. Search Detroit real estate on mikesmith.ikeyrealty.com today.