Investor Opportunity: 4-Unit Property with Untapped Potential
Welcome to 9615 Dexter St, Detroit, MI - a promising investment opportunity for those seeking lucrative returns in the ever-growing real estate market. This four-unit property presents a unique chance to capitalize on the booming Section 8 rental demand in the area. Key Features: Location: Situated in a strategic location, this property offers convenient access to amenities, schools, and public transportation. Income Potential: Unlock a steady stream of income with Section 8 rents, potentially reaching $5,000 per month once the property is optimized. Unit Breakdown: Four units, each with its own distinct layout, providing versatility in rental options. Cash Only, Site Unseen: This property is offered on a cash-only basis and is being sold site unseen. Serious investors who can navigate the current conditions will find a diamond in the rough. Occupancy Status: Please be aware that the property currently has squatters. Successful acquisition will require addressing this situation, and we recommend consulting legal advice for a smooth resolution.
Investment Strategy: Rehabilitation: With the right vision and resources, this property can be transformed into a profitable asset. Rehabilitation efforts can significantly increase its value and appeal. Section 8 Advantage: Leverage the high demand for Section 8 housing in the area to maximize rental income and establish a stable, long-term cash flow.
Terms and Conditions: Cash Only: The property is available for cash buyers
Property Type :
Multifamily
Subdivision :
Mc Quades Dexter Blvd (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 05/12/2024 @ 08:11
MLS: 595837741
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.
