Cheap homes for sale & real estate in 48206, MI

Cheap Home for sale in 48206, MI:

Discover the potential of this multi-family home at 2286 Taylor Street in Detroit! Featuring two spacious units, each with 3 bedrooms and 1 bath, this property offers flexibility for investors or owner-occupants. With newer windows and updated heat ducts, some of the heavy lifting has already been done. The home does require a full rehab, but the attractive price reflects the opportunity to add value and create long-term returns. (ARV is well over $300K) Whether you’re looking to generate rental income or design a custom living space, this property is a smart investment in a growing area. Don’t miss your chance—schedule your showing today!

Cheap Home for sale in 48206, MI:

Welcome to 3000 Cortland, a fully occupied rental collecting $2,000/month (19.1% cap rate - 128% cash on cash), with a month to month tenant in the upper, and a new tenant moving into the lower as of November 1 paying $800/month to month. The upper unit's attic has been converted to additional living space allowing for an easy rent increase. As you drive the street, you'll see a flurry of homes being renovated, with renovated units selling well beyond $200,000. This is a great option to house hack, to BRRR, or to make a quick flip.

Cheap Home for sale in 48206, MI:

Welcome to 3280 Lothrop, a beautifully renovated three-story home offering modern comfort and timeless character. Step inside to a bright first floor featuring brand-new hardwood floors, elegant marble tile accents, and a newly updated kitchen with granite countertops, stylish cabinetry and recessed lighting. A convenient half bath and a welcoming front porch complete this level, making it perfect for everyday living and entertaining. The second floor offers three well-sized bedrooms and a fully updated bathroom. One of the bedrooms includes a spacious walk-in closet, providing excellent storage. The third floor is dedicated to a large private bedroom, also featuring its own walk-in closet,

Cheap Home for sale in 48206, MI:

Spacious brick multifamily in Detroit’s 48206 neighborhood offering over 2,500 sq ft and 6 total bedrooms. Features 2 full bathrooms and strong structural potential. This is a full-rehab opportunity ideal for investors or developers looking for a value-add project with significant upside. ARV in this area exceeds $200K. Property requires a full renovation; use caution during showings and enter at your own risk. Sold as-is. In the city’s 2025–2029 Consolidated Plan, there are proposals to support more affordable housing, rehab small projects, and update zoning. The city has applied for HUD loans (Section 108) to help finance affordable housing in neighborhoods including 482