13660 Ohio St, Detroit, MI 48238 2494

Description

Turnkey 8-unit investment opportunity in Detroit's desirable Davison-Schoolcraft neighborhood! The current seller has owned and managed the property for the past 20 years. This well-maintained multifamily property is 100% occupied, with all units updated and leased. Each of the eight units offers 2 bedrooms and 1 full bathroom, currently generating $1,000 per month per unit for strong and consistent cash flow from day one. Each unit has its own individual address, furnace, and utility service. Tenants pay their own gas and electric, while the landlord pays water. Recent improvements include a roof approximately 8 years old and hot water tanks that are approximately 1-2 years old. Furnaces are approximately 18 years old, with 3-4 having been replaced within recent years. Ideally located just off I-96 for convenient access throughout Metro Detroit and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals. This location offers strong tenant demand and long-term investment potential. Whether you're expanding your portfolio or purchasing your first multifamily asset, this fully occupied, income-producing property offers an excellent opportunity with minimal upfront work needed. Square footage source is Realist. Buyer and buyer's agent to verify all information. Some MLS information is based on another address, as no PRD was available for the subject property address.