Turnkey multifamily investment opportunity generating strong cash flow in a high-demand rental market. This income-producing property is currently tenant occupied with a Section 8 tenant paying $2,300/month, offering immediate and reliable rental income for investors. Estimated 13% cap rate makes this an attractive addition to any rental portfolio. Property offers… Read More solid income potential with stable occupancy and low vacancy risk. Ideal for both seasoned investors and buyers looking to expand their cash-flowing assets. Conveniently located near major roads, shopping, schools, and public transportation. Do not disturb tenant. Proof of funds required prior to showing or release of additional information. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Sonic Realty LLC, [email protected], (313) 484-4696.
Listing Snapshot
Days Online
81
Last Updated
Property Type
Multifamily
Square Ft.
2,392
Lot Size
0.11 Acres
Year Built
1941
MLS Number
20261032525
30 Days Snapshot Of 48224
$88k
-6%
(avg) sold price
38
-33%
homes sold
91
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 2 leased units, 2 two-bedroom units, Built in 1941, Architectural style: Duplex, Brick, Wood, 2,392 total square feet, 2,392 combined square feet, 650 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.11, Lot size dimensions: 40X114
Miscellaneous
Gross scheduled income: $0, Income projection: Actual, Monthly rental income: $0, Net operating income: $0
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