• 11822 Promenade Detroit, Michigan 48213

  • $229,900
  • 6
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 0.12
    Acre

This fully renovated duplex is the ideal plug and play investment for an investor looking for a turnkey fully occupied section 8 rental. Skip the stress, time, and money that comes with getting a property to pass the section 8 rental inspection, this property has recently passed inspection with both units! Two brand new section 8 families have moved in with 12 month leases. The annual income that this duplex will bring is $33,600 with the current section 8 tenants in place (lower unit $1,500 per month and upper collects $1,300 per month). Each unit is 3 bed 1 1/2 baths! Enjoy low stress investing knowing that everything is brand new therefor your future capital expenses are estimated to be extremely low.

Property Type :

Multifamily

County :

Wayne

Style :

Multifamily

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Property Details

 

Interior Features

Laundry Facility

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1926

Total Units: 2

Utility Features

Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

Water

Public (Municipal)

Lot Information

Lot Size: 0.12

Lot Dimensions: 35 X 149

Frontage Feet: 45

Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $229,900

Tax Information

Annual Tax: $0

Parcel Number: W21I008896S

Parking Information

Parking: 2

Unit 3 Information

# of Bedrooms: 2

School Information

School District: Detroit

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street

Nearby Home Value

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11043 Wilshire Drive , Detroit, MI,48213 $59,000 3 1.5 1,756 0.14 Acre
14200 Hampshire Street , Detroit, MI,48213 $65,000 3 1.5 1,401 0.09 Acre
14259 Maiden Street , Detroit, MI,48213 $17,900 3 1 1,440 0.09 Acre
12630 Longview Street , Detroit, MI,48213 $64,999 6 2 1,876 0.14 Acre
12550 Corbett Street , Detroit, MI,48213 $35,000 2 1 948 0.11 Acre
11830 Corbett Avenue , Detroit, MI,48213 $42,999 2 1 947 0.11 Acre
12251 Wilfred Street , Detroit, MI,48213 $99,999 3 2 1,192 0.1 Acre
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/10/2024 @ 05:56

MLS: 602255449
LISTED BY: Sotero M Lopez , EXP Realty, LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
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.

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