Fix&Hold (Multifamily): (10 Units) 3730 Garland St, Detroit, MI 48214 + $200,000
- Promise Land Realty
- 6 days ago
- 2 min read
Multifamily Investment Opportunity
PRICE
$200,000
OFF-MARKET | 10-UNIT VALUE-ADD APARTMENT | EASTSIDE DETROIT
3730 Garland St, Detroit, MI
Rare opportunity to acquire a 10-unit brick apartment building in a strong Detroit Eastside location near Mack Ave, just minutes from the Stellantis Plant and major employment drivers. The property features solid brick construction, great bones, and strong structural integrity, making it an ideal candidate for a full rehab and reposition.
This is a true value-add multifamily play in a high-demand workforce rental corridor. Well-suited for investors targeting renovation, stabilization, and long-term cash flow or refinance.
Property Photos: https://drive.google.com/drive/folders/1N0Pi6Ur9M9b2ZabArZdAa42q0olnjmdP?usp=sharing
Property Highlights:
10 Units | Multifamily
Full Rehab Opportunity
Brick Construction
Strong Structure & Layout
Proximity to Mack Ave and Stellantis
Ideal for Value-Add, BRRRR, or Stabilize & Hold Strategy
Estimated Market Rents (Post-Rehab):$900 – $1,050 per unit
Projected Gross Income: ~$108,000 – $126,000 annually
Estimated Stabilized Value:Approximately $900,000 – $1,150,000(Assuming market rents, professional management, and standard operating expenses)
Asking Price: $200,000
Off-Market | Serious Investors Only
Please submit all offers directly to:investments@promiselandrealtyllc.com
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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