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Jenn Smart

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19970 Stratford , Detroit, MI 48221
$285,000
Est. Payment: $1,485.17/mo
0 Bed
2 Bath
2431 Sqft
Status: pending | Days on site: 94
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Strong investment opportunity in the heart of Palmer Park, one of Detroit's most established and walkable neighborhoods. This duplex is already producing $2,000 a month in income, with the top unit leased at $1,500 and a separate basement bedroom rented at $500, while the lower unit sits vacant and ready for its next owner or tenant. That open unit makes the property an ideal house-hack setup, where a buyer can move into their own space and let the existing tenants help carry the mortgage from day one, or a turnkey play for an investor who simply wants to fill the vacancy at market rent and run the building as pure cash flow. With roughly 2,931 square feet of living space, a shared driveway, and a private rear parking lot that tenants consistently appreciate, the layout fits the way people actually want to live in this part of the city. Step outside and Palmer Park is right there with its hiking and biking trails, tennis courts, and 18-hole golf course, and you are just minutes from the University of Detroit Mercy, Marygrove College, Henry Ford Hospital, and the shopping and dining along Woodward Avenue and McNichols Road. Recent comparable duplex sales in the immediate area have been pricing in the mid three hundreds with 3-bedroom units leasing in the upper $1,600s, pointing to real upside on both rents and long-term value. Whether you are a seasoned investor expanding your portfolio or a first-time buyer breaking into the market the smart way, properties like this do not stay available long in Palmer Park.

Highlights

Listed by Drake O'Donnell , 313-693-0984 NATOD Management , 248-609-7108. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1934

County

Wayne

Area

Detroit (82001)

Neighborhood

Woodward

School District

Detroit City School District

Listing ID

60985915

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Above Ground Sq Ft:2431
Basement:Partially Finished
Water:Public Water

Exterior Features

Lot Dimensions:40X120
Principal Interest
$1,485
Taxes
$698

Home Price

$285,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$57,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,485.17

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,485.17 $697.92 $0.00 $2,183.09
Yearly $17,822.10 $8,375.00 $0.00 $26,197.10
Total $534,662.87 $251,250.00 $0.00 $785,912.87
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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