BACK ON MARKET : Discover an exceptional investment opportunity with this 7-unit property, each featuring 1 bedroom and 1 bathroom - all poised for a full rehab to unlock strong cash flow potential. Perfect for investors ready to create long-term value, this solidly built multi-family property offers the chance to… Read More renovate and maximize rental income in a convenient Detroit neighborhood.A;A;Each unit is designed with functionality in mind, offering efficient layouts that make the most of every square foot. The building's full common basement provides additional space with storage lockers for all tenants, adding valuable amenities and attracting quality renters.A;A;This location is ideal for future tenants, situated close to everyday essentials, schools, parks, and major thoroughfares. The property is a short distance from neighborhood shopping, dining options, and outdoor recreation, making it highly attractive for anyone looking for comfort and convenience.A;A;Easy access to public transportation and main roads means effortless commutes for tenants working in downtown Detroit or the surrounding business districts. The neighborhood appeal, paired with high rental demand, ensures your investment will be positioned for steady occupancy and growing returns.A;A;Bring your vision and transform this 7-unit property into a profitable asset. Whether you are an experienced investor or just starting out, this is your chance to add a value-driven property to your portfolio, take advantage of Detroit's rental market, and achieve real cash flow.A;A;Contact the agent today for more information or to schedule a private tour. Don't miss this rare opportunity to invest, rehab, and create lasting value in a sought-after location. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of JNA Real Estate, [email protected], (248) 648-0484.
Listing Snapshot
Days Online
263
Last Updated
Property Type
Multifamily
Square Ft.
6,200
Lot Size
0.14 Acres
Year Built
1966
MLS Number
20251009937
30 Days Snapshot Of 48224
$69k
-3%
(avg) sold price
43
-8%
homes sold
64
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Walk-Up Access, Common Storage Locker, Common, Basement?: 1
Building
7 total units, 7 one-bedroom units, Built in 1966, Architectural style: Colonial, Common Entry Building, Upper/Lower Apartment, Brick, 6,200 total square feet, 6,200 combined square feet, Unit count: 7
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.14, Lot size dimensions: 60X100
Miscellaneous
Gross scheduled income: $0, Income projection: Projected, Monthly rental income: $7,000, Net operating income: $84,000, Operating expense: $10,000
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