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Colonial - Detroit, MI
Unmissable opportunity to acquire a turnkey, cash-flowing duplex with exceptional tenants. This meticulously maintained property is the perfect addition to any serious investment portfolio. Current rents are $1,930 total, with a significant value-add opportunity to immediately adjust to the market rate of $2,400 total, unlocking maximum cash flow and the potential for a 14% Cash-on-Cash ROI! Two spacious units, each featuring 2 bedrooms and 1 full bath, plus a desirable and highly functional and attractive layout; ?Living Room, ?Formal Dining Room, ?Eat-in Kitchen, ?Dedicated Den/Office, ?Separate basement storage units and utility areas. Benefit from performing, clean, and cooperative tenants who pay on time and meticulously handle snow removal and lawn care—drastically reducing your operating expenses and management headaches! This property boasts extensive, high-cost updates, minimizi...
Unmissable opportunity to acquire a turnkey, cash-flowing duplex with exceptional tenants. This meticulously maintained property is the perfect addition to any serious investment portfolio. Current rents are $1,930 total, with a significant value-add opportunity to immediately adjust to the market rate of $2,400 total, unlocking maximum cash flow and the potential for a 14% Cash-on-Cash ROI! Two spacious units, each featuring 2 bedrooms and 1 full bath, plus a desirable and highly functional and attractive layout; ?Living Room, ?Formal Dining Room, ?Eat-in Kitchen, ?Dedicated Den/Office, ?Separate basement storage units and utility areas. Benefit from performing, clean, and cooperative tenants who pay on time and meticulously handle snow removal and lawn care—drastically reducing your operating expenses and management headaches! This property boasts extensive, high-cost updates, minimizing future capital expenditures:
?Major Systems Updated: Newer Roof (2018), Newer Vinyl Windows, Updated Electrical Fixtures, Updated Plumbing, and Updated Mechanicals. Refinished and maintained hardwood floors, glass block windows, updated gutters, and new doors. Tenants pay for their own Gas and Electric. Both tenants contribute to a DTE Home Protection Plan covering the Furnace and Hot Water Tank! This is a rare, low-stress, high-performing asset. Seize the chance to immediately boost your portfolio's performance!
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