Updated: Apr 26
Multifamily Investment Opportunity
All 2 bedroom 1 bathroom - 4,658 SF
Great opportunity to invest in the City Of Detroit. This property is a no brainer! HUGE ROI Potential! Currently this property has 5 units rented for $500 and $550 per unit. The three vacant units should be immediately rented for $800-$900 per unit. Once all units are rented and rents are increased to market value $800-$900 per month per unit, this property has the potential to operating at well over a 14% CAP Rate! All units are 2/1's and on separate electrical meters. Tenants pay all utilities except for water and hot water. Ideally, each unit can be sub metered for water. Great curb appeal with brick and indoor corridors. Please submit all offers directly to firstname.lastname@example.org
"Your #1 Source for Discounted Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
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*