Stunning brick apartment complex located on Detroit's desirable west side in the Dexter/Linwood area. This 24-unit multifamily asset consists entirely of one-bedroom, one-bath units and is currently approximately 90% occupied, with a portion of Section 8 tenants. The property has seen several major capital improvements, including a roof approximately 5 years old, updated vinyl windows, a boiler replaced approximately 2 years ago, and a newer hot water tank. More than half of the units have been rehabilitated, offering immediate upside and reduced near-term capital expenditures. This stabilized asset operates at an impressive ~12% cap rate, generating approximately $150,000 in net annual income. An excellent opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental corridor. Serious inquiries
14,388 Sq Ft
0.2 Acres privados Tamanho do lote
investimento
US$ 14.161 Imposto anual
Construído em 1925
MLS/ID do anúncio 58050198604
25 Unidades
Porão
Heating - Steam
Heating - Natural Gas
CUSTO MENSAL TOTAL
US$ 0
US$ 0
US$ 0