MULTIPLE OFFER SITUATION. HIGHEST AND BEST DUE BY FRIDAY AT 5PM. LOCATED JUST MINUTES FROM THE INFAMOUS MOTOWN MUSEUM AND NORTH END DISTRICT, YOU WILL FIND 6061 15TH STREET NESTLED ON A 3,484 SQ. MFOOT LOT IN THE NEW CENTER NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX CONSISTS OF 2 RECENTLY REMODELED 3 BED ROOM UNITS, WHILE BOASTING A BRAND NEW ROOF WITH 40 YEAR HIGH DEFINITION SHINGLES. EACH UNIT HAS BEEN CAREFULLY UPGRADED IN ADDITION TO A NEW HOT WATER TANK. THE ENTIRE COMPLEX HAS BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE, EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND HARDWOOD FLOORS. THE UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1488 and $1368 total of $2856 ARE PAID IN FULL BY SECTION 8. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 22% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Property Type :
Multifamily
Subdivision :
Whitney Block 4
County :
Wayne
Style :
Multifamily
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ByOwner last updated this listing 05/08/2024 @ 14:48
MLS: 583788291
LISTED BY: Marta Kopania , 1st Michigan Real Estate
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.
