Multifamily Investment Opportunity
Price
$180,000
Incredible Off-Market Investment Opportunity: Prime Multifamily Building in Detroit, MI
Property Address: 7360 Prairie St Detroit, MI 48210
Property Type: Multifamily
Units: 4
Occupancy: Vacant
Price: $180,000
After Repair Value (ARV): $354,000
Investment Opportunity: 4-Unit Brick Property with Strong Cash Flow Potential
Welcome to an exceptional investment opportunity in the heart of a thriving neighborhood! This well-maintained, 4-unit brick property promises both immediate income and long-term potential. With two units already generating solid cash flow with two units currently renting for $750 each and a prime location supported by recent comparable sales, this investment is a savvy choice for seasoned and aspiring investors alike.
Property Highlights:
1. Cash-Flowing Units: Two of the four units are already cash flowing, offering you a head start on your investment. These units are proven income generators, allowing you to realize immediate returns on your investment.
2. High After-Repair Value (ARV): The property's ARV is particularly attractive, offering the potential for substantial value appreciation with strategic improvements and upgrades. The recently sold comps in the area serve as a testament to the property's untapped potential. Recent comparable sales in the area have reached an impressive $353,000, underlining the area's potential for growth.
3. Solid Brick Construction: This property is built to last with a sturdy brick exterior, minimizing maintenance costs over the long term.
4. Investment Flexibility: With four units, you have the flexibility to rent them all out for maximum cash flow or live in one unit while renting out the others to offset your living expenses. It's a versatile investment strategy tailored to your needs.
5. Room for Improvement: While two units are already performing well, there's room for improvement and value enhancement in the remaining units. This presents an excellent opportunity for a value-add investor to increase rental income and overall property value.
6. Low Vacancy Rates: The high demand for rental properties in this area ensures low vacancy rates, providing a stable income stream.
Don't miss out on this chance to capitalize on strong cash flow potential and the allure of high after-repair value. Contact us today to schedule a viewing and take the first step towards securing your future with this lucrative investment property.
Please submit all offers directly to sarter@promiselandrealtyllc.com
Property Photos: https://photos.app.goo.gl/hW2NWRQWxMpTee6N7
"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*