This one is for investors! Section 8 occupied at $1300/m. This property is part of a 4-property investor portfolio and will only be sold as part of the full package. No cherry picking. Package price is $650,000 for all four homes. At a package price of $650,000, this deal offers… Read More a cap rate of 9.05%, GRM of 9.34 and a DSCR of 1.36. Addresses include: 19775 Burgess ($1,700/mo rent), 20201 Grandville ($1,600/mo rent), 9117 Brace ($1,200/mo rent, Section 8), and 16550 Freeland ($1,300/mo rent, Section 8). Total portfolio rent: $5,800/month or $69,600/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info. This deal is ideal for an investor seeking stability, cash flow, and low management overhead. It qualifies for conventional and DSCR financing. Whether you're scaling a local portfolio or investing from out of state, this package offers the kind of hands-off income most investors are looking for in the Detroit market. You will cash flow from day 1. Freeland St is located in a very desirable area. Brick bungalow with 3 bedrooms, a full basement and a detached garage. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams First, anuj@agentchand.com, (810) 515-1503.
Listing Snapshot
Days Online
41
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Square Ft.
1,150
Lot Size
0.1 Acres
Year Built
1941
MLS Number
20251006293
30 Days Snapshot Of 48235
$97k
-22%
(avg) sold price
45
+15%
homes sold
84
+18%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
1,150 total square feet, 1,150 combined square feet, 842 total basement square feet, Built in 1941, Architectural style: Bungalow, 1 1/2 Story, Block
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