4874 HAVERHILL Street, Detroit, MI 48224

Historic Home Renovation with Triple Income Potential in MorningsideNestled in the coveted Morningside neighborhood, adjacent to Grosse Pointe and East English Village, this historic gem offers a rare opportunity to restore and personalize a classic property while unlocking significant rental income potential. Featuring stunning original architectural elements—including finely crafted Italian plaster columns, intricate ceiling medallions, a beautiful fireplace fresco, and soaring curved ceilings—this home provides an exceptional canvas for someone with vision and an appreciation for timeless craftsmanship.Much of the heavy lifting has already been done! The home boasts updated electrical and plumbing systems, with most of the necessary renovation supplies already on-site, allowing you to pick up right where the current work left off. Recent upgrades include a brand-new roof, gutters, lots of structural work and two new HVAC systems, ensuring the home’s durability and comfort for years to come.Designed to maximize income potential, the property includes two spacious 2-bedroom, 1-bath units, plus a potential basement studio. The upper unit, currently configured as a “penthouse,” includes a functioning kitchen and bathroom and has plans in place to finish the attic as a loft space—perfect for expanding rental income opportunities or creating a private retreat for a live-in owner. The units are bright, airy, and well-proportioned, with large bay windows flooding the space with natural light.Located near the iconic Alger Theater, local parks, dining, and shopping, this property offers the perfect blend of historical charm and modern-day convenience. With thoughtful renovations, this home can become a standout property in one of Detroit’s most desirable neighborhoods—an ideal investment for both investors and homeowners looking to build equity through rental income.Don’t miss the chance to breathe new life into this historic home and capitalize on its triple income potential!