5025 Somerset Avenue Open House Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48224
OPEN HOUSE
Sat Jun 07, 1:00am - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,772 sqft
Price per Sqft $98
Subdivision East Detroit Dev Cos 3
MLS Listing ID 20251003378
Style Duplex
Bedrooms 2
Full Baths 2
Year Built 1929
Annual Tax Amount $3,567
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X120
Property Sub-Type Duplex
Source Realcomp II Ltd
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.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Residential
Direction Warren Rd between Alter and Outer Drive
Rooms
Basement Interior Entry,Unfinished
Interior
Interior Features Circuit Breakers
Hot Water Natural Gas
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Roof Type Asphalt
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Duplex
Level or Stories 2 Story
Structure Type Brick,Vinyl
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID 21067519
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional