Welcome to 2480 Calvert, located in the up-and-coming city of Detroit, MI. This TURNKEY investment property is a rare find, offering the perfect opportunity for savvy investors looking to add to their portfolio. Situated near the prestigious Boston Edison district, this property is already a gem in the making.
Featuring a total of three units, all of the heavy rehab work has already been taken care of, allowing you to start making money from day one. One unit is already filled, showcasing the high demand for rental properties in the area. With an average ARV of $200,000, this property has immense potential for growth and appreciation in value.
Rental rates in the area are averaging at an impressive $2,650 per month for all three units once fully occupied. This means you have the opportunity to increase your profits significantly by filling the remaining vacant unit. With a little bit of effort, you can maximize your returns and enjoy a steady stream of rental income for years to come.
Don't miss out on this fantastic opportunity to own a piece of Detroit's real estate market. Take advantage of the thriving rental market and start reaping the benefits of owning a profitable investment property. Schedule a viewing today and see for yourself the potential that 2480 Calvert has to offer.
Property Type :
Multifamily
Subdivision :
Joy Farm (also P39 Plats)
County :
Wayne
Style :
Multifamily
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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 05/06/2024 @ 17:02
MLS: 606332280
LISTED BY: Joseph A Fortuna , Fortuna & Associates Real Estate Services LLC
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.
