This promising investment property nestled in the heart of Detroit and is brimming with character, perfect for experienced investors or those looking to make their mark on the Detroit housing landscape. This multi-level layout provides a spacious footprint for creative redesign. This property's generous lot size allows for potential expansion or exterior amenities.
- Located within a community ripe for revitalization efforts, promising increasing future values.
- Rental market insights indicate potential earning estimates of around $1,027 - $1,106 per month, adding allure for those interested in buy-to-rent strategies.
- Requires comprehensive renovations - perfect for a tailor-made project.
- Holds the promise of significant returns on investment post-renovation.
Seize the opportunity to transform this property into a profitable venture. With homes in the area displaying a year-on-year growth in value, capitalize on the low entry price and the promising rental income projections. Whether you aim to flip or to rent, this property presents an exciting proposition in a dynamically evolving Detroit market.
Property Type :
Residential
Subdivision :
Jefferson & Mack Ave Sub (plats)
County :
Wayne
Style :
Residential
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ByOwner last updated this listing 05/04/2024 @ 15:50
MLS: 604270456
LISTED BY: Arianna Lee , National Realty Centers, Inc
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: $1500
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
