Cash Purchase Deal
| Annual Gross Rent | $28.200 |
|---|---|
| Management Fee | $2.820 |
| Property Tax | $1.652 |
| Insurance | $1.200 |
| Net Annual Income | $22.528 |
| 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 in Oakman Blvd Community on the North West side of Detroit, the house is just
8 miles from Downtown Detroit
The property is divided into two large apartments, you have a large three bedroom
apartment downstairs and a large three bedroom apartment upstairs. One apartment
has a tenant in place paying $900 in rent each month giving the new owner
immediate income. The vacant apartment will be renovated by Global Investments
best contractors and will be supplied rent ready to a Section 8 standard. The work
will begin after the new owner closes on the property. When complete the
management company will place brand new vetted tenants. Eah unit should achieve
$1,100 – $1,450 in rent each month based on current Section 8 market rates.
Details
Updated on October 27, 2026 at 3:29 pm- Price: $109,900
- Property Size: 2500 Sq Ft
- Bedrooms: 6
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 21% Net Return
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