Top/Bottom Two-Unit income-producing property adjacent to popular University and Bagley Districts. Fully rented and a half-mile to the University of Detroit Mercy. This property includes a 3 bed 1 bath main level unit and a 2 bed 1 bath second level unit. Through the main door vestibule, you will find a separate secured entrance for each unit and a stairwell to an unfinished, potential third income-producing unit at 1512 feet. This basement unit also has a separate entrance via the side door from the driveway. The basement is currently used for shared laundry. $21,000 Projected Annual Gross Income, $17,500 NOI, 9.8% Cap rate. The main floor tenant has vacated.The upstairs lease is month to month at $850. No viewings until an accepted offer. BATVAI
Courtesy of: KW Domain Source MLS: MiRealSource. Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information,regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2021 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 28th October, 2021 1:22 AM
For ADA assistance, please email firstname.lastname@example.org. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information you seek through an alternate communication method.