5025 Somerset Avenue Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48224
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,772 sqft
Price per Sqft $98
Subdivision East Detroit Dev Cos 3
MLS Listing ID 20251003378
Style Duplex
Bedrooms 2
Full Baths 2
Year Built 1929
Annual Tax Amount $3,567
Lot Size 4,791 Sqft
Property Sub-Type Duplex
Property Description
Welcome to 5025 Somerset, a fully renovated, vacant duplex nestled in one of Detroit's resurging neighborhoods. It's perfect for first-time buyers looking to house hack or investors seeking strong cash flow from day one.
This property has been completely upgraded in 2024-2025, offering peace of mind with all major systems modernized:
New roof
New PVC plumbing and updated electrical
New furnace and hot water tank (to be installed prior to appraisal)
Brand-new appliances in both units (refrigerator, stove/oven, microwave)
Each unit is move-in ready:
Upper Unit – 1 bedroom, projected rent: $750/mo
Lower Unit – 2 bedrooms, projected rent: $1,250/mo
Estimated Total monthly income: $2,000
With low estimated expenses—currently estimated property taxes are around $3,500 annually and a projected mortgage of around $1,600/mo—this property delivers an estimated CAP rate of 9.6% (based on projected net income), making it a prime buy-and-hold or house-hack opportunity.
Additional highlights:
Privacy fence for added security and outdoor enjoyment
Located minutes from Downtown Detroit, major freeways, and local shopping, Vacant and ready for immediate occupancy or lease-up
Whether you're an investor looking to expand your portfolio or a first-time homebuyer ready to build equity, Somerset checks all the boxes. Schedule your tour today and lock in your next income-producing asset.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Residential
Interior
Hot Water Natural Gas
Heating Forced Air
Exterior
Exterior Feature Fenced
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Vinyl
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional