MID-CENTURY IN THE CITY! Sellers have made an extensive investment into renovations, making this recently remodeled 15-unit Palmer Park GEM a prime income-generating property. 303 Covington consistently earns top-dollar rental income, with most units already updated or in the final stages of renovation tenant-ready within the month.
Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy.
Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking.
Rent rolls and expense reports available upon request. Don t miss this incredible investment opportunity in one of Detroit s most historic and revitalized neighborhoods!
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Legal Description: S COVINGTON W 36.38 FT ON N LINE BG W 34.68 FT ON E LINE 207 208 E 18.92 FT ON N LINE BG E 17.99 FT ON S LINE 209 MERRILL-PALMER SUB L45 P54-5 PLATS, W C R 2/152 92.04 IRREG
- MLSID: 20250024379