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5025 Somerset Avenue, Detroit City, MI 48224
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$174,900
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Home Details for 5025 Somerset Avenue
Price
$174,900
Type
Multi Family
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Year Build
1929
Sq. Ft.
1772
Lot Size
0.11
County
Wayne
Basement
Interior Entry, Unfinished
Tax
$3,567
MLS®️ Listing#
20251003378
On exitrealty.com
173 days
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.
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- Heating Information
- Forced Air
- Natural Gas
- Basement
- Interior Entry
- Unfinished
- Cooling Information
- None
- Water Features
- Public
Listing Courtesy: KW Metro - 248-288-3500
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Market statistics compiled from data from Michigan Regional Information Center.
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
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$174,900
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220