Property Description:
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: 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: 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