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About the Listing 105780 - 672622
Prime value-add multifamily investment opportunity in Detroit. This 14-unit property (all 1-bedroom units) is approximately 50% occupied with 7 paying tenants one of which is section 8,. Six units are vacant and currently being turned. 1 unit is currently being used for storage. Six of the seven units will be renting in the next 30-60 days providing immediate cash flow and a clear path to increased NOI. Once all of these units are rented again this property will gross around 12000 per month or 134400 annually. Extensive upgrades and improvements completed since 2023 reduce near-term capital expense risk while enhancing rent growth potential. Significant upside remains through stabilization of vacant units and continued rental optimization. Ideal for investors seeking strong yield, forced appreciation, and long-term portfolio growth. Let's make a deal.
Listing Highlights
Status
Active
Days on Site
55
Property Type
Commercial Sale
MLS ®
60965551
Year Built
19
Total Square Footage
8,326
Lot/Acreage
0.23
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 8326
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Community
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 102X100
- Zoning: Multi-Family
- Roof:
- Others:
- Sewer: Public At Street
Financial Details
- Tax Amount: $8,261
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
14801 Joy Detroit, MI 48228
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