12023 Griggs St, Detroit, MI 48204
4 Bedrooms / 2 Baths / Multiple Family
Property Status: Sold (Wholesale) | Sold: $49,900.00
Brick Duplex. New Roof. Separate Meters. Bring us an offer!
Property Details:
Property Style:
DuplexYear Built:
1952Finished Sq. Ft:
1,400Basement:
No BasementOwner/Agent:
Wholesale
💧 Excellent investment income property. New Roof. Unit 1 has a 10 year tenant in place on month to month so you can raise rent. Unit 2 has a 5 year tenant in place on month to month. Market Rent per Units should be at least $700-$850+ a month.
💧 2 bedroom, 1 bathroom units
💧 Separate Meters
💧 2 furnaces, 2 water heaters, 2 meters
💧 Comes with Vacant Lot next door
💧 On a slab
💧 NEW ROOF
Make good cash flow from day 1. Value add is updating cosmetics & raising rent.
UPDATES
💧New Roof
If tenant moves out, consider updating the cosmetics & raise rent
INVESTMENT FINANCIALS
💧 Price: $55,000
💧 Unit 1 Market Rent: $750 - $850+
💧 Unit 2 Market Rent: $750 - $850+
💧 Taxes: $800 per year
💧 Potential Cashflow: $18,000 - $20,400+ per year
PROPERTY DETAILS
💧 4 Bedrooms
💧 2 Bathrooms
💧 Over 1300 SQFT
💧 2 Kitchens
💧 2 Furnaces, 2 Water Heaters, 2 Meters
💧 Big backyard with patio
💧 Comes with vacant lot next door
Photos: https://photos.app.goo.gl/sRV9i7H1MB58gpk66
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