Multifamily Investment Opportunity
Price
$395,000
Exclusive Off-Market Investment Opportunity - 14825 Joy Rd, Detroit, MI 48228
Discover a unique investment opportunity in the heart of Detroit with this Section 8 compliant, multi-unit property. Offering a blend of stable income and growth potential, this building features 6 single-bedroom units, with four currently generating income under Section 8 tenancies and two freshly rehabbed units ready for immediate tenant placement.
Property Highlights:
Section 8 Tenanted Units:Â Four units are currently rented under Section 8, ensuring reliable income backed by the government. The rental incomes are as follows:
Unit 1: $888/month
Unit 4: $1,080/month
Unit 5: $750/month
Unit 6: $1,025/month
Ready for Occupancy:Â Two units have been recently renovated and are awaiting tenant placement, offering an immediate opportunity to maximize rental income.
City Certified:Â Peace of mind with all units meeting city certification standards, ensuring compliance and safety.
Investment Potential: This property presents a turnkey investment with immediate cash flow and the potential for rental income growth. With a strategic location in Detroit and the stability of Section 8 housing, investors can capitalize on both the current income streams and the potential for value appreciation.
For those seeking a solid addition to their investment portfolio, this property offers both stability and the promise of long-term returns.
Submitting Offers: All interested parties are encouraged to submit their offers directly to Promise Land Realty at investments@promiselandrealtyllc.com. This off-market listing represents a unique opportunity to invest in Detroit's vibrant housing market with the assurance of immediate returns and future growth potential.
Don't miss out on this exceptional investment opportunity. Contact us today to learn more and to arrange a viewing.
Aerial View
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. 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