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Buy&Hold Multifamily (Vacant): (4 Units) 137 Elmhurst St, Highland Park, MI 48203 + SOLD

Updated: Jan 20

Multifamily Investment Opportunity



Price

$135,000


Incredible Off-Market Investment Opportunity: Prime Multifamily Building in Detroit, MI


Property Address: 137 Elmhurst St, Highland Park, MI 48203

Property Type: Multifamily

Units: 4

Occupancy: Vacant

Price: $160,000

After Repair Value (ARV): $360,000


Investment Opportunity Alert! This impressive brick 4-unit property is a diamond in the rough, poised for a savvy investor to unlock its true potential. While it may need a little TLC in terms of cosmetic updates and repairs, it promises substantial value-add opportunities. Situated just a stone's throw away from Woodward, this property not only offers convenience but also promises a steady stream of rental income.


Each of the four units boasts 2 spacious bedrooms, ensuring your tenants have ample room to make themselves at home. Additionally, each unit includes 1 bathroom, a generously-sized living room, and a well-appointed kitchen that seamlessly flows into a dedicated dining area – ideal for cozy meals and gatherings with family and friends.


Value-Add Potential: With a little bit of love and attention, this property has the potential to shine brighter than ever before. Cosmetic updates and some necessary repairs can significantly enhance its appeal and long-term value, making it an even more lucrative investment.


Prime Location: This property's prime location near Woodward Avenue ensures effortless access to transportation, shopping, dining, and a wealth of entertainment options. Your tenants will appreciate the convenience of being within easy reach of everything they need, from daily essentials to weekend adventures.


Don't let this exceptional investment opportunity slip through your fingers. Act now, and seize the chance to transform this 4-unit brick property into a profitable addition to your real estate portfolio. Contact us today to schedule a viewing and explore the boundless potential that awaits!

Please submit all offers directly to sarter@promiselandrealtyllc.com




"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*

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