12186 Roselawn Street, Detroit, MI 48204
Local realty services provided by:ERA Prime Real Estate Group
12186 Roselawn Street,Detroit, MI 48204
$155,000
- - Beds
- 2 Baths
- 2,450 sq. ft.
- Multi-family
- Active
Listed by: anuj chand
Office: keller williams first
MLS#:20261046553
Source:MI_REALCOMP
Price summary
- Price:$155,000
- Price per sq. ft.:$63.27
About this home
Here's a rare investor opportunity - a fully updated duplex with both units occupied by Section 8 tenants backed by the government. This Detroit duplex features two 2-bedroom, 1-bath units, both currently rented through Section 8 at $1,150/month and $950/month, for a total monthly rent roll of $2,100/month and $25,200/year in gross scheduled income. The property has been recently refreshed, helping reduce near-term maintenance concerns and support tenant retention. Updates include brand-new vinyl windows, fresh paint throughout, new plush carpeting, updated kitchen cabinets and countertops, and new furnaces for improved efficiency and reliability. From a buy-and-hold perspective, this asset checks several important boxes: two occupied units, Section 8 rental income, separate income streams, updated interiors, and major mechanical improvements already completed. The duplex setup also helps reduce reliance on a single tenant, while the 2-bedroom unit mix remains practical and rentable in Detroit’s investor market. Priced at $170,000, the property offers an attractive 14.8% gross rent-to-price return and a 1.24% monthly rent-to-price ratio. For DSCR buyers, the current rent roll creates strong debt coverage potential. Based on a typical 75% LTV scenario, the estimated loan amount would be approximately $127,500, giving investors a solid income base to work with. Final DSCR will depend on lender rate, taxes, insurance, and underwriting, but the rental income is compelling for investors looking for cash-flowing Section 8 product. For investors seeking immediate rental income, DSCR potential, and strong gross rent performance at a reasonable price point, this duplex deserves a serious look. Please do not disturb tenants. Showings available with accepted full-list offer only....
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Home facts
- Year built:1923
- Listing ID #:20261046553
- Added:31 day(s) ago
- Updated:July 21, 2026 at 10:06 AM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Basement Description:Unfinished
- Living area:2,450 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1923
- Building area:2,450 sq. ft.
- Lot area:0.09 Acres
- Architectural Style:Duplex
- Construction Materials:Brick
- Foundation Description:Basement, Block
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$155,000
- Price per sq. ft.:$63.27
- Tax amount:$3,124
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