15865 Cloverlawn Street, Detroit, MI 48238

• 2 baths |
• 1,429 sqft

Property Description

Investor special in Detroit’s up-and-coming Fitzgerald neighborhood! This solid brick duplex at 15865 Cloverlawn St features two 2-bedroom, 1-bath units located directly across the street from Mary McLeod Bethune Academy and just minutes from University of Detroit Mercy and Marygrove College. The property has a NEWER ROOF, approximately three years old, and is currently fully occupied with a month-to-month tenant paying $950 per month to occupy both units, providing immediate income with room to increase rents. Each unit offers a spacious layout and strong bones, with plenty of potential for value-add updates to maximize returns. Market rents in the area average $800–$900 per unit, offering a great opportunity for investors to improve cash flow through light renovations or repositioning. The Fitzgerald neighborhood has benefited from significant revitalization efforts, including the $4 million Fitzgerald Revitalization Project, which continues to attract investment and new development. This property offers an affordable entry point into a growing neighborhood with long-term appreciation potential, perfect for both new and experienced investors. At the current rent, the duplex still offers a respectable ~10.8% cap rate. Once re-rented at market levels, the property becomes a cash-flow powerhouse, with a 23–27% cap rate, depending on the rent achieved. This highlights a major value-add opportunity for an investor to buy based on current performance but realize significantly higher returns once the property is repositioned.

Listing Status:

Active

Listing Office:

RE/MAX City Centre : 3135283002

Listing Agent:

Gentraia Brown : 2484692533

MLS ID:

20251050262

Interior

• Basement: Unfinished
• Heating: Forced airNatural gas

Exterior

• Style: Duplex
• Other Structures: Porch
• Pool: None

Construction

• General: BrickVinyl sidingTwoBasementBlock

Location

• Road/Access: Paved
• Originating MLS: Realcomp II Ltd
• School District: Detroit
• County: Wayne

Lot

• Zoning: W CLOVERLAWN 157 UNIVERSITY MANOR SUB L45 P37 PLATSW C R 16/323 35 X 100W16I031286S

Utilities

• Water: Waterat street
• Sewer: Sewer at street

Financial

• Source: Realcomp II Ltd

This listing courtesy of Gentraia Brown, RE/MAX City Centre