Amazing Investment Opportunity, Serious Investors Only, this one won’t last!! 5-unit, FULLY OCCUPIED, Townhome style building in one of the hottest rental markets in Detroit. This property has recently upgraded units, as well as $5k worth of upgrades done to the exterior. Highlights of the property:
- Units are 2 bed, 1.5 bath - 880 avg. sq feet - Positive cash flow (financials can be provided) - 8% cap rate with more room for rent increase - All units metered separately -Upgrades include newer roof, hot water tanks and furnaces less than 7 years old. Each unit has its own private basement- Current owner has maintained the building extremely well.
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