While Southwest Detroit is not quite the city's crown jewel neighborhood, 52nd street is a safe, diverse place with neighbors that look out for each other and no burnt-out homes. An opportunity to buy over there for $24,900 is extra appealing as this new listing was fully renovated 10 years ago and boasts new paint, hardwood floors, and a nice yard. It's a duplex offering two 2-bedroom units. The owner is claiming that at this price, one can secure a loan that would be covered monthly by the rental income of the second unit, allowing you to live for free in the other one. The details of that are between you, your credit, and a bank, but it sure sounds good.
· 4668 52nd St. [O'Connor Real Estate]