Promise Land Realty
May 21, 20221 min
Updated: Jan 20
2 Unit Investment Opportunity
Price
Great opportunity to invest in Detroit's Northwest Side. This is a cash flowing duplex with one unit being occupied with a long term tenant paying $700/month and one unit which is still occupied by the owner who will need 30 Days after closing to vacate. Property is in good condition with a market rent potential of $2,000/month. ARV is $165,000. Each unit has its own basement. 2 bedroom 1 bathroom units with 2 newer furnaces and 2 water heaters. Parking is on site.
Updated Electrical
Updated Plumbing
Newer furnaces
Newer water heater
Lots of hardwood floors throughout
Price: $110,000
Unit 1 Market Rent: $700 - $1050
Unit 2 Market Rent: $700 - $1050
Taxes: $800 per year
Potential Cashflow: $16,800 - $20,400+ per year
4 Bedrooms
2 Bathrooms Over 1800 SQFT
2 Kitchens
2 Basements, 2 Furnaces, 2 Water Heaters
Property Photos: https://photos.app.goo.gl/spYCZz7WHHsSxEni9
Property Comps & Map
"Your #1 Source for Off Market Investment Properties, Nationwide!"
PROMISE LAND REALTY, LLC
Work: 313-307-6616
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*