15097 Petoskey Avenue, Detroit, Michigan 48238, USA

A Great Investment Opportunity in Detroit, MI

Property Details

A classic two-family duplex featuring 6 bedrooms, 2.5 bathrooms, and 2,532 sqft of living space on a 4,792 sqft lot with a detached 2-car garage.

• Roof: Fair

• Furnace: Old

• AC: N/A

• Plumbing: Old

• Electrical Panel: Old

• Water Heater: Old

The property will be delivered vacant at closing.

Investment Highlights

• True side-by-side duplex with two separate units and two separate meters generating dual income streams

• Strong cash flow potential with estimated rent of $1,500 per apartment once renovated ($3,000 total per month)

• Brick exterior construction with original hardwood floors throughout and character architecture from 1926

• Full unfinished basement providing additional storage or potential living space expansion

• Large 4,792 sqft lot in established Detroit neighborhood (Dexter-Fenkell area)

• Estimated investor ROI of 14% with profitable flip and hold optionality

• Comparable sales in the area range between $150k-$180k, with highest comp sold for $180k in January 2026

Financial Summary

• ARV (After Repair Value): $160,000 - $180,000

A Wonderful Wholesale Opportunity!