Property Description

Six-unit multifamily property consisting of five one-bedroom units and one studio. Located directly across the street from the Dearborn border. Property is currently 33% occupied with two tenants in place paying $900 and $700 per month. Four units have been recently renovated and are projected to lease at approximately $950 per month each. Projected gross income at full occupancy is approximately $64,800 annually. The property features a brand-new roof, brand-new boiler, and new water heater, significantly reducing major capital expenditure concerns. In addition, the building has newer vinyl windows throughout. Two units are outdated but functional. Opportunity to increase value through lease-up and strategic updates to the remaining outdated units. Buyer and buyer’s agent to verify all information.

Property Features

Local Schools