**INVESTORS** Add this cash-flowing 2-unit multi-family located on the lovely Grandmont-Rosedale neighborhood to your rental portfolio today! The lower unit has a long-term tenant (5+ years) on a lease thru 1/31/2026, paying $850/month until 2/1/2025 and then $875/month for the remainder of the lease term. The property features separate gas and electric meters, forced air heating, updated 100 amp electrical panels, a completely new PVC sewer line, vinyl windows, separate basements, PEX & PVC plumbing, and much more! The upper unit requires light cosmetics to get it into rental condition, but rents for similar units are going for as high as $1,350/month for Sec. 8 tenants. This property is located in the Northwest/Grand River Strategic Neighborhood Fund area, which has see multiple streetscapes revamped and improved, hundreds of homes rehabbed and brought back to productive use, and inflow of new homeowners, and millions in public and private investment with more to come!
Property Type :
Multifamily
Subdivision :
B E Taylors Sunset Glen (plats)
County :
Wayne
Style :
Multifamily
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ByOwner last updated this listing 05/14/2024 @ 01:06
MLS: 585312960
LISTED BY: Ryan E Kain , RE/MAX Leading Edge
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
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.
