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$665,000
12 Beds 20230081918 MLS
Come see this well maintained 20 unit, all 1 bedroom and 1 bathroom cash cow fresh to the market on Detroit's Eastside close to I-94 expressway. Newer roof and concrete work on the property over the last 5 years. There is a common area with coin operated laundry machines and storage lockers. Electrical meters are split, water and gas are single metered. Manager lives on site rent free and there are 5 vacancies, and 1 in the eviction process. This give 13 units producing income. The units currently generate roughly $23,000.00 in net income per year but with rents below market and the vacancies. It is possible to increase the gross revenue and reduce expenses to maximize net income.

11820 Morang Dr, Detroit

Courtesy of Real Estate One-Clinton Twp 5867837888

Selling Office: Real Estate One-Clinton Twp.

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