4032 Carter Street
Detroit, MI 48204
Multi Family · MLS # 20261088811 · Listing courtesy of Century 21 Curran & Oberski
About this home
Excellent investment opportunity in the City of Detroit! This fully occupied two-family duplex features two separate units, each offering 2 bedrooms and 1 full bathroom, for a total of 4 bedrooms and 2 bathrooms. The property currently generates $1,631 in monthly rental income. Both units are tenant-occupied, making this an attractive opportunity for investors looking to expand their rental portfolio with an income-producing multifamily property. Conveniently located near schools, shopping, parks, public transportation, and major freeways. Will try to accommodate showing as best as possible. Seller prefers to have no showings until there is an accepted offer.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $125,000, or $36 per square foot, 49% below the city median, and has been on the market 3 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,933 a year. A buyer who lives here would pay about $774 to $4,052 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit 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
Similar homes in Detroit
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