4BR/0BA Home in Detroit, MI

About This Property

Solid multifamily opportunity for investors seeking a stabilized asset with immediate upside in rents. The property has 4 units with large unit layouts (above-average size for the area), is fully renovated, and is in turnkey, rent-ready condition. Units are leased to support occupancy and reduce holding costs. Rents are currently positioned below market, with market rents supporting approximately $1,050 per unit. There is an opportunity to increase rents as leases expire. Projected stabilized gross rent: ~$4,200/month. The renovation is already completed with minimal deferred maintenance and strong rental demand in the area, creating a clear path to increasing NOI. Asking Price: $439,900 Financials, rent roll, and supporting documentation available upon request. Contact for details on down payment. Message directly for more information or to discuss terms.

Listing Source