REP | 5993 Lakewood St, Detroit, MI 48213

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5993 Lakewood St, Detroit, MI 48213

Multiple Family / 5 Bedroom(s) / 2 Bath(s)

Property Status: Pending | $29,900.00 (Wholesale) |

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Contact Info

REI Daily Deals
(248) 838-0975

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Michigan Detroit

Detroit Duplex Opportunity | Vacant 5BR Multifamily with Huge Rental Potential & Strong Value-Add Upside

Property Status:
Pending | $29,900.00 (Wholesale)

Contact Info

REI Daily Deals
(248) 838-0975

Request To See This Property

Property Details:

Multiple Family / 5 BR / 2 BA

Property Style:

2-Story

Year Built:

1927

Finished Sq Ft:

1,632

Garage:

1 Car Detached

Basement:

No Basement

Owner / Agent:

Wholesale

Property Features:

Fireplace

Fenced Yard

Property Description:

Investment Potential:
This duplex presents a strong low-entry multifamily opportunity with significant upside potential. Featuring two units configured as 3-bedroom/1-bath and 2-bedroom/1-bath, the property offers over 1,600 sq. ft. of total living space and multiple income-producing possibilities. The home requires renovation work, but the layout and structure provide a solid foundation for investors looking to create value through updates to kitchens, bathrooms, flooring, paint, and mechanical improvements. The duplex setup creates flexibility for both resale and long-term rental strategies while maximizing income potential from two separate units.

With an asking price of just $29,900 and a strong ARV of $200,000, this deal offers an exceptional spread and a rare opportunity to acquire a multifamily property at a very low basis. Investors can capitalize by completing a full renovation and stabilizing both units for strong monthly cash flow or by repositioning the property for resale in a market where renovated duplexes continue to attract investor demand. The combination of low entry price, multifamily layout, and high ARV makes this a standout opportunity with major upside potential.

Asking Price: $29,900
ARV: $200,000
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HOUSE ACCESS: Wednesday, June 3rd at 3:00 PM

Details

Duplex – 5 Bedrooms / 2 Bathrooms
1,632 sq. ft
Lot Size: 4,660 sq. ft
Year Built: 1927
Garage: — Detached
Occupancy: Vacant at Closing
Multifamily Value-Add Opportunity

Closing: By 06/22/2026
EMD: Required within 24 hrs of signing
Buyer Agents: Welcome – 2.7% commission

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Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Real Estate Promo is not responsible nor will be held liable for the property or the information listed here.

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned. Click on the link above to contact the Property Owner about this property.