Updated: Dec 9, 2022
Multifamily Investment Opportunity
16 Units - 16,158 SF - (1 bed/1 bathroom) VACANT
Great opportunity to own a multifamily property here in the City Of Detroit. This building is currently vacant and ready for rehab. It was previously occupied by squatters and non-performing tenants. It took us 12 months to have the property fully vacant, cleaned up, secure and prepped for renovation. The building needs $150K in rehab to address all the deferred maintenance and be fully turnkey. We have a quote from a local General Contractor at $140k for a full renovation. Potential Market Rent once rehabbed is minimum of $12,800/month. Please submit all offers to firstname.lastname@example.org.
OFFER DEADLINE: 10/21/2022 @ 11:59 PM
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
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*