About this home

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

The facts

Property taxes: the seller's bill vs. yours

Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $6,249 a year more than this seller pays. The assessor's state equalized value (SEV) is $26,600. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.

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IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Greater Metropolitan Association of REALTORS, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-05T17:20-04:00; refreshed at least twice daily.