2 family flat
Upstairs unit is rented at $625.00
Lower unit tenant is moving out. All trash has been removed.
Here for sale is a brick 2 family flat on the westside of Detroit. The upper unit has been recently updated but the lower unit will need between $10-15,000 in rehab. The upper unit is currently rented at $625 per month and the tenant pays all utilities except for water. Each unit has 2 bedrooms and 1 bathroom with their own separate entries. This property is near all major freeways and the Focus Hope Technical Training Center.
PLEASE DO NOT DISTURB THE TENANT!!!!
Asking price: $25,000/obo
Annual taxes: $1,337.97
Cap rate: 20% +
Property management fee: Usually 10% of the rent per month
Water bill: $100-150
Tenant pays all utilities except for water. Tenants are on separate gas/electrical. Copy of the lease provided after contract has been signed and deposit has been paid. Please email us at firstname.lastname@example.org for more info.