Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4,200 per month in rental income, making it an excellent addition to any investor's portfolio. The property has been thoughtfully updated throughout, offering modern improvements while complementing the character of… Read More the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions. Nearby amenities include the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With stable income already in place and a prime location in one of Detroit's most notable historic districts, this property presents a compelling opportunity for investors seeking both cash flow and long-term appreciation. Read Less
Courtesy of NATOD Management.
Listing Snapshot
Days Online
26
Last Updated
Property Type
Multi-Family
Square Ft.
3,538
Lot Size
0.14 Acres
MLS Number
60975397
30 Days Snapshot Of 48206
$1k
-28%
(avg) sold price
2
-50%
homes sold
48
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
3,538 square feet, 4 total units, Built in 1924, Style: 2 Story
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $40,000
Lot
Lot size: 52.5X120.5, 0.14 acres
Taxes
Total amount: $4,403
Unit One
Rent: $1,050
Unit Two
Rent: $1,050
Unit Three
Rent: $1,050
Unit Four
Rent: $1,050
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