Buy & Hold (Multifamily Vacant): 16124 Prevost St Detroit, MI 48227 - SOLD
- May 1, 2023
- 2 min read
Updated: Jun 11, 2023
Multifamily Investment Opportunity
4 Bed 2 bath
1816 Sq. Ft
Price
$72,000
Welcome to this charming 2-family duplex located in the historic Rosedale Park community on Detroit's west side. This property is a perfect opportunity for both investors and homeowners alike. Each unit of this well-maintained property features 2 bedrooms and 1 bathroom, providing comfortable living spaces for families or individuals.
One of the most attractive features of this duplex is its solid rental income potential. Whether you're looking to generate passive income or house a multigenerational family, this property can accommodate your needs. The Rosedale Park community is a highly desirable area, and properties like this one have a history of attracting long-term tenants.
Moreover, investing in this property could lead to long-term appreciation. The neighborhood has experienced a resurgence in recent years, and properties in the area are expected to continue to increase in value over time. With easy access to major highways and nearby amenities, this location is sure to remain a popular choice for renters and homebuyers alike. Property is for sale for well under current market value of $122,000 and rental income comp support $1800 per month.
Don't miss out on this incredible opportunity to own a piece of Rosedale Park's history and invest in your financial future. Schedule your showing today and see all that this property has to offer!
Please submit all offers directly to sarter@promiselandrealtyllc.com
Property Photos:
Property Comps:
"Your #1 Source for Discounted 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*
Comments