Brick Duplex - two 3 bedroom units

Wayne County, Detroit, MI, 48238
Sold
Listed at: March 13th, 2023
Price
$22,000
ARV
$100,000
Gross Margin
$78,000
Sq. Footage
2650
Type
Multifamily
Parking
Driveway
Year build
1926
Lot size
0.10 acres
Bedrooms
6
Bathrooms
2
Half Bathrooms
0
Summary

Welcome to Detroit! This cash cow is almost ready for you. The Section 8 Vouchers for this property would be at 1250 per side. Collect $2500 in rent. This is a huge opportunity. One unit is in pretty good shape. The other, there was a small fire and it damaged the back half of the unit (upstairs). Some roof repair is needed. Estimating probably 20k in rehab depending on contractor availability and pricing. Clean title with warranty deed. Buyer pays all closing costs, including transfer tax and title. No hidden fees. Seller pays all property tax and any water or municipal fees / items.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

TJ Brisbois

No reviews

Disposition manager