18738-18742 Morang Dr, Detroit, MI 48205

Property Description

**Incredible Investment Opportunity with Over 10% Cap Rate!** Discover the perfect addition to your investment portfolio – a remarkable townhouse-style duplex offering a fantastic cap rate of over 10%! This exceptional property boasts two thoughtfully designed two-bedroom units, each with its own private basement and a host of appealing features. **Unit Features:** - Spacious two-bedroom layouts that provide ample room for comfortable living. - Well-appointed kitchen in unit 18738, boasting brand-new cabinets and elegant granite countertops. - Each unit features a full bathroom - Expansive living spaces designed with a focus on both functionality and aesthetics. **Exterior and Maintenance:** - The exterior showcases timeless brick construction that exudes charm and durability. - Freshly painted exterior enhances the property's curb appeal, welcoming residents and visitors alike. - The roof is in excellent condition, providing peace of mind for the new owner. - Enjoy relaxing moments on the covered front porch **Income Potential and Lease Information:** - Unit 18742 is currently tenanted and generating steady rental income, with a recent lease renewal at $810 per month. - Previous tenant in the other unit was paying $995 per month, showcasing the potential for increased rental income. - These figures underscore the impressive financial prospects of this investment opportunity. **Parking and Location:** - Abundant parking space in the backyard offers convenience and flexibility for residents. - Street parking is readily available, providing additional options for parking needs. **Property Details:** -Blocks away from Ford Resource and engagement center - This property consists of two separate parcel IDs, while connected and sharing a common wall. - Schedule your showing today to seize this promising investment prospect and add it to your real estate portfolio-