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$ 200,000
Est. payment | /mo
2 Baths
2,392 SqFt
$ 200,000
Est. payment | /mo
2 Baths
2,392 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $83
Subdivision Mi
MLS Listing ID 60990839
Style 2 Story
Full Baths 2
Year Built 1941
Annual Tax Amount $1,452
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X114
Property Sub-Type Multi-Family
Property Description
Turnkey multifamily investment opportunity generating strong cash flow in a high-demand rental market. This income-producing property is currently tenant occupied with a Section 8 tenant paying $2,300/month, offering immediate and reliable rental income for investors. Estimated 13% cap rate makes this an attractive addition to any rental portfolio. Property offers solid income potential with stable occupancy and low vacancy risk. Ideal for both seasoned investors and buyers looking to expand their cash-flowing assets. Conveniently located near major roads, shopping, schools, and public transportation. Do not disturb tenant. Proof of funds required prior to showing or release of additional information.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick, Wood
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick,Wood
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Sonic Realty LLC
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Shannon Bagdonas
Team Lead / Broker Partner