Do Real Estate on the Go!
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Do Real Estate on the Go!
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$425,000
-- Bed
- 5 Baths
5 full baths
6,534sqft
900 E Grand Blvd, Detroit, MI 48207 1965
$425,000
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Multi Family
Built in 1905
$-- HOA
12,632.4 sqft lot
$65/sq.ft
Description
5 Unit Apartment building!! 100% Occupied Exceptional income-producing opportunity in Detroit's revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong. Current rents remain below market, providing a significant opportunity to increase income as the Detroit rent...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1905
HOA Fees
-
Finished Area
6,534 sqft
Lot Size
12,632.4 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60950620
MLS Status
Active
Days on Market
48
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