2441 Holbrook Street

About this home

Four separate 2-bedroom units Projected annual gross income exceeding $50,000. Brick construction with a brick two-car garage. Priced to Sell! Excellent 4-Unit Multifamily Investment Opportunity in Hamtramck! Don't miss this updated, rental-certified multifamily property featuring highly desirable brick construction and a brick two-car garage. This income-producing property offers projected annual gross rental income exceeding $50,000! Each of the four units features two bedrooms, one bathroom, a living room, and a kitchen, with its own separate entrance. Two units are currently occupied under lease, while the remaining two units are available for full viewing. Additional features include a spacious front porch, a common hallway providing access to the basement and attic, multiple washer and dryer hookups, a large basement, and an expansive attic with potential for additional living space, subject to applicable approvals. Conveniently located with quick access to major freeways and just minutes from Downtown Detroit. A fantastic opportunity for investors looking to expand their rental portfolio! Don't miss out on this property at an attractive price! Please do not disturb tenants. All showings must be scheduled by appointment.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Hamtramck

Over the last 90 days, 35 homes sold in Hamtramck for a median of $200,000, about $130 per square foot, and the typical one went under contract in 14 days. This home is listed at $315,000, or $104 per square foot, 20% below the city median, and has been on the market 6 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Hamtramck sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $2,588 a year. A buyer who lives here would pay about $8,919 a year once the taxable value resets after the sale, at the 2025 homestead rate of 49.94 mills for Hamtramck City and Hamtramck schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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