Cash Purchase Deal
| Annual Gross Rent | $32.400 |
|---|---|
| Management Fee | $3.240 |
| Property Tax | $1.500 |
| Insurance | $1.200 |
| Net Annual Income | $26.460 |
| Net Return on Investment (ROI) | %20 |
|---|---|
| Payback Period | 4.9 yrs |
Description
This fantastic large two apartment multi family house is located on a very well kept street right on
the boarder of Barton-McFarland, a sought after right next to Aviation Sub. This is a quiet
respectable area next to Dearborn and has a great community feel.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. Both apartments will be renovated by
Global Investments best contractors and will be supplied rent ready to a Section 8 standard.
When complete the management company will place brand new vetted tenants. Each unit should
achieve $1,100 – $1,350 in rent each month based on current Section 8 market rates. After
Renovations are complete, this house is estimated to have an ARV of approx $160,000 – $170,00
Barton-McFarland is a great neighbourhood in Detroit. This area is next to Aviation Sub and
Dearborn which are viewed as two of the top areas in Detroit. Many residents of Dearborn have
re-located to Aviation Sub and Barton-McFarland due to its exclusive appeal. The house is also
just 4 miles from the University of Detroit.
Details
Updated on June 29, 2026 at 1:14 pm- Price: $129,900
- Property Size: 1824 Sq Ft
- Bedrooms: 4
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 21% Net Return
Address
Open on Google Maps- City Detroit
- State/county Michigan
- Zip/Postal Code MI 48204
- Country USA
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