Buy&Hold (Multifamily): (7 units) 800 W Euclid, Detroit, MI 48202 - New Center
- Promise Land Realty
- 2 days ago
- 3 min read
Multifamily Investment Opportunity
Price
$ 495,000
Off-Market Investment Opportunity
7 -Unit Multifamily Investment Opportunity | New Center, Detroit
An exceptional opportunity to acquire a rare 7-unit townhome-style multifamily asset just one block off Woodward Ave and the Q Line, in the heart of one of Detroit’s most active growth corridors. Each unit features a spacious 3-bedroom / 1-bath layout with a private basement, offering tenants a single-family living feel while maintaining multifamily efficiency.
📍 Unbeatable Location
One block from Woodward Ave & the Q Line
Immediate access to the Lodge Freeway — under 10 minutes to Downtown Detroit
Walkable to shopping, dining, and neighborhood amenities
Directly adjacent to a newly developed City of Detroit park
💰 Attractive In-Place Income
6 of 7 units currently occupied
Gross monthly rent: $7,800
Gross annual income: $93,600
Tenants separately metered and pay their own DTE and water
🏠 Asset Highlights
Townhome-style units with private basements
Majority of windows recently replaced
Solid brick construction
Flat roof requires repair (currently not leaking)
This is a well-located, income-producing asset with strong fundamentals, operational upside, and long-term appreciation potential in a proven redevelopment area. Ideal for investors seeking stable cash flow with future rent growth in the 48202 market.
Property Map
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
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