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5025 Somerset Avenue, Detroit, MI 48224

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For Sale
Sale Pending

$174,900

2 baths • 1,772 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $98.70
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 20251003378

Courtesy Of Keller Williams Royal Oak
423 South Washington Ave, Royal Oak, MI 48067
(248) 288-3500

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.11 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 5025 Somerset Avenue, Detroit, MI 48224

Home seller CENTURY 21 Curran & Oberski

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Curran & Oberski

(313) 274-7200
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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