7542 Meadow Avenue
Warren, MI 48091
Multi Family · MLS # 20261076376 · Listing courtesy of EXP Realty Main
About this home
INVESTOR ALERT! Turnkey, High-Yield Duplex Generating MORE 1% Monthly Return! Rare opportunity to acquire a fully updated, fully occupied, high-performing duplex generating guaranteed income. Backed by reliable agency/organization-paid leases with model tenants, this property delivers immediate, hands-off cash flow from Day 1 with significant upside potential on upcoming lease renewals. LET'S TALK ABOUT PROPERTY HIGHLIGHTS & FINANCIAL BREAKDOWN: Lower Unit (2 Beds / 1 Bath): $1,300/mo guaranteed rent. Features updated vanity, new carpet/flooring, and fresh paint. Upper Unit (4 Beds / 1 Bath): $1,500/mo guaranteed rent. Updated kitchen featuring newer cabinets and countertops. Total Current Income: $2,800/mo ($33,600/yr) which is exceeding the 1% rule! Zero immediate capital expenditures needed! This building has been extensively updated! Updated mechanicals! High-efficiency heating systems, newer furnace and newer water heater. Updated plumbing and electrical work, newer electrical panels for both units, and modern plumbing/electrical fixtures throughout. Vinyl windows throughout (with blinds), newer front roof, and fully repainted interior. Inclusions: Both sets of unit appliances are landlord-owned and convey with the sale. The property includes an adjacent FREE buildable lot—a massive value-add for future development, expansion, or separate resale! The seller is liquidating equity solely to fund another project, creating a rare opening to step into a fully stabilized, turnkey income producer. Leads immediately with the 1%+ rule, $2,800/mo income, and guaranteed lease structure to hook investor attention in search feeds. Emphasizes that leases are paid through housing agencies signaling reliable rent collection and minimal vacancy risk. Updated mechanicals, roof, electrical, and plumbing into a clear section to prove to out-of-state or local hands-off investors that maintenance costs will be low.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Warren
Over the last 90 days, 391 homes sold in Warren for a median of $220,000, about $122 per square foot, and the typical one went under contract in 13 days. This home is listed at $239,900, or $106 per square foot, 13% below the city median, and has been on the market 9 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Warren sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $307 a year. A buyer who lives here would pay about $178 to $6,420 a year once the taxable value resets after the sale, at the 2025 homestead rate of 52.99 mills for Warren City and Van Dyke 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 Warren
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