14150 Spring Garden St, Detroit, MI 48205

Property Status: Available (Wholesale) | For Sale: $64,000.00


0 Bedrooms / 2 Baths / Multiple Family


Amazing ROI on this package deal of tenant occupied properties. Cash flowing properties on the Eastside of Detroit - Cap Rate: 20%


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $64,000.00
Property Details:
0 Bedrooms / 2 Baths / Multiple Family
Property Style:
1-1/2 Story
Year Built:
1928
Finished Sq Ft:
1,389
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Main Street Properties
(248) 343-6611

View on Individual's Website
PACKAGE PRICE: $64,000 Owner has decided to retire is selling a tenant occupied SFR and duplex on the Eastside. Both properties are cash flowing around 20%. All tenants want to stay. Not the best neighborhood, but the tenants are loyal and are not going anywhere. Many houses in the area are slated for demolition by the city so it will be a different neighborhood in a couple of year. Address: 11035 Portlance Ave, Detroit, MI 48205 Dropbox Photos: https://www.dropbox.com/sh/f3x0onbzga3pjc9/AABKyFwlnk2GGZcgjg-EoPXKa?dl=0 Single Family Residence 3BD/1BA Brick Built in 1948 Rented at $700 ROI: 20% Tenant does not want to move Lived there for 7 years Asking Price: $29K Address: 14150 Spring Garden St, Detroit, MI 48205 Dropbox Photos: https://www.dropbox.com/sh/mafdmyyvd1bmif2/AAC1uW_o0VJVE4WUM21JlRuPa?dl=0 Multi family 2BD/1BA each unit Built 1928 Rented $400/month each unit ($800/month total) ROI: 19% Tenants do NOT want to move. Tenants are sisters Lived there for 6 years Asking Price: $35K

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

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