13989 Cherrylawn Street, Detroit, MI 48238
Local realty services provided by:ERA Prime Real Estate Group
13989 Cherrylawn Street,Detroit, MI 48238
$85,000
- - Beds
- 2 Baths
- 2,474 sq. ft.
- Multi-family
- Pending
Listed by: shawn a calhoun
Office: pretty home realty
MLS#:20261062104
Source:MI_REALCOMP
Price summary
- Price:$85,000
- Price per sq. ft.:$34.36
About this home
You found me, and if a brick two-family with income already in place is what you've been hunting for on Detroit's west side, you can stop looking. I'm 13989 Cherrylawn, a brick and vinyl two-family with an original fireplace surround and mantel, arched doorways, a decorative ceiling medallion, and original mosaic tile bathroom flooring, the kind of detail builders don't put in anymore. My hardwood floors are preserved underneath the laminate throughout, waiting for you to reveal them whenever you're ready. A partially finished basement and a 2-car detached garage behind a covered brick porch add everyday convenience.
Here's what makes me interesting on paper. One unit is already tenant occupied at 800 dollars a month, and assuming today's roughly 6.75 percent rate, a DSCR loan at 20 percent down puts your cash-on-cash return around 25 percent using that income alone, meaning for every dollar you put in, you'd get about a quarter back every year after the mortgage. Live in the other unit yourself and that same 800 dollars a month can cover the bulk of your payment. Rent both units out at similar rates instead, and a low-down-payment FHA or conventional buyer could see cash-on-cash returns well over 100 percent, since so little cash goes in relative to the income coming back.
I sit in the Livernois and Grand River corridor on Detroit's west side, minutes from Henry Ford Hospital and Marygrove College, with quick access to I-96 for a straight shot downtown, the kind of location that keeps tenant demand steady for years to come. Reach out to the listing agent for details....
Contact an agent
Home facts
- Year built:1929
- Subdivision & Development:OAKMAN-WALSH-WESTON
- Listing ID #:20261062104
- Added:44 day(s) ago
- Updated:October 02, 2026 at 09:09 AM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Basement Description:Partially Finished
- Living area:2,474 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1929
- Building area:2,474 sq. ft.
- Lot area:0.08 Acres
- Architectural Style:Bungalow
- Construction Materials:Brick, Vinyl Siding
- Exterior Features:Covered, Porch
- Foundation Description:Basement, Brick Mortar
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$85,000
- Price per sq. ft.:$34.36
- Tax amount:$773
Parking
- Parking description:Garage
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