302 Alter Road, Detroit city, Michigan

About 302 Alter Road

One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building — or live in one apartment and rent out the other to help cover your mortgage and carrying costs. Large side-by-side townhouse-style units — each with 3 bedrooms, forced air furnaces, one full bath, one half bath, private basements with all utilities separated and off street parking + ample on street parking. Easy management with no tenants living above or below one another and no interior common areas — everything is separate for each apartment. Each unit boasts beautiful hardwood floors throughout and plenty of natural light. Spacious living rooms, dining rooms, half baths, and updated kitchens with windows overlooking the large backyard complete the desirable first-floor layout. The second floor features 3 large bedrooms and a full bath, with plenty of storage and closet space. Washer and dryer in each private basement. Great location on a quiet street south of Jefferson and just west of Grosse Pointe Park — close to downtown! Projected rents of $1,300–$1,600 per unit. An excellent investment opportunity south of Jefferson in the rapidly appreciating Jefferson-Chalmers neighborhood.