Properties for sale in Michigan

Overview

Description

ATTENTION INVESTORS! Turnkey cash-flow opportunity at 2744 Lawrence Street, Detroit, MI 48206! This beautifully renovated 3-bedroom, 1.5-bath brick colonial comes with a new tenant already in place, paying $1,800 per month on a 12-month lease that began in July 2026, generating $21,600 in gross annual rental income from day one. Professionally appraised at $259,000 (full report available upon request), this property offers immediate income and long-term value. Recent renovations include a stunning kitchen with granite countertops, new cabinetry, brand-new stove, refrigerator, and dishwasher, new flooring throughout, fresh paint, updated bathrooms, modern lighting, and a new furnace. Additional features include a spacious living room, formal dining room, unfinished attic with future value-add potential, large private backyard, and detached 2-car garage. Ideally located just minutes from Boston-Edison, New Center, Downtown Detroit, major freeways, shopping, restaurants, and entertainment

Location Property Info

County: Wayne
Street #: 2744
Street Name: Lawrence
Suffix: Street
State: MI
Zip Code: 48206
Zip (4): 1442

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4356
Lot Dimensions: 35.00X127.00
Year Built: 1924
Road Frontage: 30
Garage Y/N: Yes
Garage Spaces: 2
Total Fireplaces: Yes
Income Property: No
Total Rooms AG: 6
Total Fin SqFt All Levels: 1406
SqFt Above Grade: 1406
Below Grade Unfinished SqFt: 743
Building Total SqFt: 1406
Total Beds Above Grade: 3
Total Bedrooms: 3
Full Baths: Yes
Half Baths: Yes
Total Baths: 2
Main Level Primary: No
Stories: 2
School District: Detroit
Association YN: No
Waterfront: No
Basement: Yes
Below Grade Finished SqFt: 0

Tax Info

Tax ID #: 10003146.
Taxable Value: 13853
SEV: 26600
For Tax Year: 2025
Seller's Annual Property Tax: 1450
Tax Year: 2025
Spec Assessment & Type: na
Homestead %: 0

Access Feat

Accessibility Features: No

Upper Rooms

Upper Bedrooms: 3
Upper Full Baths: Yes
Upper Level Square Feet: 703
Total Baths Above Grade: Yes

More Information

Main Rooms

Main Level SQFT: 703

Basement Rooms

Total Basement SQFT: 743
Basement Finished SQFT: 0

Location & Property Info

Cross Streets: Chicago & Linwood
Property Sub-Type: Single Family Residence
Municipality: Detroit City
Subdivision: J W Lathrups Lawrence & Collingwood Aves

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 170.63
Ownership Type: Private Owned

Remarks & Misc

Public Remarks: ATTENTION INVESTORS! Turnkey cash-flow opportunity at 2744 Lawrence Street, Detroit, MI 48206! This beautifully renovated 3-bedroom, 1.5-bath brick colonial comes with a new tenant already in place, paying $1,800 per month on a 12-month lease that began in July 2026, generating $21,600 in gross annual rental income from day one. Professionally appraised at $259,000 (full report available upon request), this property offers immediate income and long-term value. Recent renovations include a stunning kitchen with granite countertops, new cabinetry, brand-new stove, refrigerator, and dishwasher, new flooring throughout, fresh paint, updated bathrooms, modern lighting, and a new furnace. Additional features include a spacious living room, formal dining room, unfinished attic with future value-add potential, large private backyard, and detached 2-car garage. Ideally located just minutes from Boston-Edison, New Center, Downtown Detroit, major freeways, shopping, restaurants, and entertainment
Legal: N LAWRENCE 23 J W LATHRUPS LAWRENCE & COLLINGWOOD AVE SUB L33 P9 PLATS, W C R 10/120 35 X 127.25

Street Type

Paved: Yes
Public: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes

Laundry Features

In Basement: Yes

Exterior Material

Brick: Yes
Vinyl Siding: Yes

Parking Features

Detached: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Lower Rooms

Lower Half Baths: Yes
Lower Finished SQFT: 0
Total Lower SQFT: 0

Driveway

Paved: Yes

Substructure

Full: Yes

Fireplace

Living Room: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Water Heater

Natural Gas: Yes

Flooring

Wood: Yes

Architectural Style

Colonial: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: In Basement Exterior Material: Brick; Vinyl Siding Substructure: Full Sewer: Public Sewer Water: Public Fireplace: Living Room Appliances: Dishwasher; Microwave; Range; Refrigerator Heat Source: Natural Gas Heat Type: Forced Air Water Heater: Natural Gas Flooring: Wood Parking Features: Detached Architectural Style: Colonial Driveway: Paved Street Type: Paved; Public Terms Available: Cash; Conventional; FHA Possession: Close Of Escrow Sale Conditions: None

Room Information

Room Name	Length	Width	Level
Living Room	12.00	16.00	Main
Dining Area	12.00	12.00	Main
Kitchen	12.00	15.00	Main
Bathroom 1	6.00	5.00	Main
Primary Bedroom	13.00	15.00	Upper
Bedroom 2	12.00	14.00	Upper
Bedroom 2	9.00	14.00	Upper
Bedroom 3	13.00	15.00	Upper

2744 Lawrence Street, Detroit, MI 48206