2 Unit Investment Opportunity
Price
$110,000 USD
2 Units - DUPLEX
4 Bedrooms + 2 bathrooms
1,800 SF
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.
UPDATES
Updated Electrical Updated Plumbing Newer furnaces Newer water heater Lots of hardwood floors throughout
INVESTMENT FINANCIALS
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
PROPERTY DETAILS
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
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*