2597 W 8 Mile Rd, Highland Park, MI 48203

Description

Note that the ability to sell was held up by the probate court, but we are now ready to go. Outstanding buy-and-hold opportunity in one of Detroit's most stable and appreciating rental pockets. This solid brick colonial offers investors a clear path to strong returns. the property features a new roof and other updates. Once an estimated $30,000 in improvements, are completed, the property is positioned to qualify for top-tier Section 8 payment standards, delivering an estimated 14% annual return. The equity story is just as compelling. Recent sales in the immediate micro-market--including 2444 Woodstock, located directly behind the subject--support an after-repair value o...