




Listado por CENTURY 21 Curran & Oberski
A Casa multifamiliar para venda localizada em 900 E Grand Boulevard, Detroit, Michigan 48207, Estados Unidos está atualmente para venda.900 E Grand Boulevard, Detroit, Michigan 48207, Estados Unidos está listado por490 000 US$.Esta propriedade tem 5 casas de banho características.
490 000 US$ USD
Moradia multifamiliar à venda, 900 E Grand Boulevard, Detroit, Michigan 48207, Estados Unidos
- N° MLS20251047064
- Casas de banho5
- Tamanho da casa/lote
607 m² (6 534 ft²)
Características do imóvel
Propriedade
- Tamanho do imóvel:
607 m² (6 534 ft²)
Construção
- Ano de construção: 1905
Casas de banho
- Total de casas de banho: 5
- Casas de banho completas: 5
Descrição
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 rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it's ideally located for tenants seeking convenience and community.
Call today to schedule your private tour and secure your next great investment.
Localização
900 E Grand Boulevard, Detroit, Michigan 48207, Estados Unidos