648 Alter Road Detroit MI 48215 MLS #20261045961

Rare Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this spacious property offers incredible flexibility for homeowners and investors alike. Currently configured with separate upper and lower living spaces, the home is ideal for multigenerational living, an owner-occupant seeking rental income, or conversion to a spacious single-family residence. The lower level is owner occupied, while the upper unit is leased through October 1, 2026, providing immediate rental income. Estimated market rents are approximately $1,700 per month for the lower level and $800 per month for the upper level. Additional features include a detached two-car garage, basement storage, a generous lot, and an unbeatable location just minutes from the Detroit River, Belle Isle, downtown Detroit, and Grosse Pointe. Whether you’re searching for a home with income potential or a property to make your own, this one offers exceptional value and endless possibilities.