Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit's 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas-tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Cafe and less than a mile from Balduck Park's green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn't be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security-an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2.00
- Full Bathrooms: 2
Heating and Cooling
- Heating Features: Forced Air
- Heating Fuel: Natural Gas
- Heating: Yes
Exterior and Lot Features
- Road Frontage Type: Paved
Land Info
- Lot Size Dimensions: 320x122
Rental Info
- Gross Scheduled Income: 24000
- Rent Includes: Water/Sewer, Snow Removal, Trash Collection, Water
Multi-Unit Info
- Number of Units: 2
- Number of 1 Bedroom Units: 2
- Total Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-1: 1
- Unit-1 Description: One Bedroom
- Unit-1 Square Feet: 642
School Information
Homeowners Association
- Pets Allowed: Cats OK, Dogs OK
- Cats Allowed: Yes
- Dogs Allowed: Yes
Other Property Info
- Annual Tax Amount: 3950
- Source Listing Status: Pending
- County: Wayne
- Directions: Take Mack to Cadieux north property
- Source Property Type: Multifamily
- Area: Det Con-Mors/Grat. Hstn/7 Mack
- Source Neighborhood: WAYNE COUNTY CONDO PLAN NO 55 (EASTPOINTE)
- Ownership Type: Short Sale - No,Private Owned
- Parcel Number: 21075324005L21075325004
- Postal City: Detroit
- Subdivision: WAYNE COUNTY CONDO PLAN NO 55 (EASTPOINTE)
- Zoning: Multi-Family,Multiple,Res
Commercial Info
- Net Operating Income: 20000
- Operating Expense: 4000
Building and Construction
- Total Square Feet Living: 1926
- Year Built: 1972
- Construction Materials: Brick
- Foundation Details: Slab
- Levels: 1 Story
- Living Area Source: Assessor
- Property Age: 54
- Levels or Stories: 1 Story
- House Style: 1 Story
- Total Area Sqft: 1926
- Architectural Style: Upper/Lower Apartment
Utilities
- Sewer: Sewer (Sewer-Sanitary)
- Water Source: Public (Municipal)