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GREAT INVESTMENT OPPORTUNITY! This valued added opportunity is 100% occupied with long-term tenants. Each unit is separately metered. Currently, rents are below market with plenty of upside to increase cashflow. Recent updates include but are not limited to new facia boards & gutters for entire building, renovation of kitchen & bath for 6 of 8 units. At present, a 9% cap rate but could easily become 12%.
Type
- Multi Family
City/Township
- Detroit
Year Built
- 1929
MLS#
- 24005085
Lot Size
- 0.12 Acres
Est. Finished Above Ground
- 0 sq ft
Basement
- Full
Road Type
- Paved
Listed By
- Good Company Realty
County
- Wayne
Schools
District
- Detroit
Taxes
Taxes
- $1,971
| MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
|---|---|---|---|---|---|---|---|
| 24005085 | Apr 8 2024 1:48PM | $539,000 | $549,000 | 109 | |||
| 24005085 | Active | Mar 8 2024 5:32PM | $549,000 | 109 |