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Fix&Hold (Multifamily): 12304 Wyoming Ave Detroit, MI 48204 + UNAVAILABLE

Updated: Jan 20

Multifamily Investment Opportunity





Price

$52,000


Property Type: Duplex

Bedrooms: 3 | Bathrooms: 2 | Sqft: 1,592

Occupancy Status: Vacant

Structure: Frame

2 Car Garage


Welcome to your dream investment opportunity on Detroit's westside! This remarkable duplex property is perfectly suited for savvy investors seeking lucrative returns. Boasting a spacious two-bedroom, one-bathroom unit on the bottom and a cozy one-bedroom, one-bathroom unit on the top, this duplex offers versatility and potential for handsome rental income.


With a total area of 1592 square feet, this property provides ample space for comfortable living. The current owner has already initiated some of the rehabilitation work, setting the stage for you to complete the transformation and maximize its value.


One of the standout features of this property is the two-car automatic garage, a valuable addition that is sure to attract tenants seeking convenience and security. Whether your tenants are looking to park their vehicles or utilize the extra space for storage, this garage is an appealing asset.


Priced to sell, this property presents an exceptional investment opportunity. The area's rental market is thriving, with average rents reaching $1300. By capitalizing on the growing demand for quality housing in this desirable location, you can expect a steady cash flow that will contribute to your financial success.


Moreover, once the rehabilitation work is completed, the potential after-repair value of this duplex is estimated at $105,000. This means you have the potential to secure substantial equity in a rapidly appreciating market.


Don't miss out on this incredible opportunity to invest in Detroit's thriving real estate market. Take advantage of the existing rehabilitation progress, coupled with the potential for impressive rental income and future appreciation. Act swiftly, as properties of this caliber and value are in high demand. Schedule a viewing today and secure your future in the world of real estate investing!


Please direct all offers to sarter@promiselandrealtyllc.com, and our dedicated team will ensure they are promptly reviewed.




Property Comps:




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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