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Street View
$200,000
-- Bed
- 2 Baths
2 full baths
2,392sqft
5056 Devonshire Rd, Detroit, MI 48224
$200,000
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Duplex
Built in 1941
$-- HOA
4,791.6 sqft lot
$84/sq.ft
Description
Turnkey multifamily investment opportunity generating strong cash flow in a high-demand rental market. This income-producing property is currently tenant occupied with a Section 8 tenant paying $2,300/month, offering immediate and reliable rental income for investors. Estimated 13% cap rate makes this an attractive addition to any rental portfolio. Property offers solid income potential with stable occupancy and low vacancy risk. Ideal for both seasoned investors and buyers looking to expand their cash-flowing assets. Conveniently located near major roads, shopping, schools, and public transportation. Do not disturb tenant. Proof of funds required prior to showing or rele...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1941
HOA Fees
-
Finished Area
2,392 sqft
Lot Size
4,791.6 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60990839
MLS Status
Active
Days on Market
84
Cumulative Days on Market
61
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