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Buy&Hold (Duplex): 18679 Schaefer Hwy., Detroit, MI 48235 - No Longer Available

Updated: Jul 5

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

sarter@promiselandrealtyllc.com

www.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*

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