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Buy&Hold (Rental/Duplex): 12023-25 Griggs Street, Detroit, MI 48204 + SOLD

Updated: Jan 20

Multifamily Investment Opportunity







Price

$58,000


DUPLEX - (Unit 1: $500/m2m Unit 2: $500/m2m)

2 Bedroom - 1 Bathroom (each unit)


Great opportunity to invest in the City Of Detroit and cash flow from Day 1. This is an excellent investment income property in good condition. Unit 1 has a 10 year tenant in place on month to month so you can raise rent. Unit 2 has a 5 year tenant in place on month to month lease. Market Rent per Unit should be at least $750 - $850+ a month. Each unit has its own separate meters. The property is built on a slab and contains 2 furnaces, 2 water heaters, and also comes with a vacant lot next door. Value add is updating cosmetics & raising rent.


Taxes: $800 per year

Potential Cashflow: $18,000 - $20,400+ per year


Please submit all offers to sarter@promiselandrealtyllc.com


Property Photos:


Property Map:



"Your #1 Website 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. 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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