Buy&Hold (Multifamily) (5 units) 5970 Proctor St Detroit, MI 48210 + AVAILABLE
- Apr 27, 2023
- 2 min read
Updated: Jan 20, 2024
Multifamily Investment Opportunity
Price
$190,000
5 Units - 2,706 SF
Welcome to this charming five-unit property located on a quiet street in the sought-after Southwest Detroit neighborhood. This vacant and freshly cleaned out property is a fantastic opportunity for savvy investors looking to expand their portfolio. With a potential monthly rental income of $5,400, this property promises great returns.
The unit mix of this property is designed to cater to a diverse range of tenants. It features one spacious 3-bedroom unit, perfect for a larger family seeking a comfortable living space. Additionally, there are two well-appointed 2-bedroom units, ideal for young professionals or couples. Lastly, two cozy 1-bedroom units complete the unit mix, offering an affordable option for individuals or small households.
While the property requires some cosmetic repairs, the potential is undeniable. With these minor upgrades, you can enhance the appeal and maximize the rental value of each unit. This is an excellent opportunity for investors with an eye for long-term gains, as the demand for quality rental properties in Southwest Detroit continues to grow.
Don't miss out on this great investment opportunity to add a well-located five-unit property to your portfolio. Take advantage of the strong rental market, potential rental income, and the opportunity to make cosmetic upgrades that will increase the value of this property. Schedule a showing today and seize this chance to secure your financial future in Southwest Detroit.
Please submit all offers directly to sarter@promiselandrealtyllc.com
Property Photos
Property Map:
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@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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