Prime value-add multifamily investment opportunity in Detroit. This 14-unit property (all 1-bedroom units) is approximately 50% occupied with 7 paying tenants one of which is section 8,. Six units are vacant and currently being turned. 1 unit is currently being used for storage. Six of the seven units will be renting in the next 30-60 days providing immediate cash flow and a clear path to increased NOI. Once all of these units are rented again this property will gross around 12000 per month or 134400 annually. Extensive upgrades and improvements completed since 2023 reduce near-term capital expense risk while enhancing rent growth potential. Significant upside remains through stabilization of vacant units and continued rental optimization. Ideal for investors seeking strong yield, forced appreciation, and long-term portfolio growth. Let's make a deal.
8,326 Sq Ft
0.23 Private Acres Lot Size
investment
$8,261 Annual Tax
Built in 1959
MLS/Listing ID 20261005534
14 Units
Covered
Parking - Parking Lot
Heating - Baseboard
Heating - Electric
Slab
Construction - Brick
TOTAL MONTHLY COST
$0
$0
$0