Description

Discover this beautifully updated four-family flat that blends classic detroit characters with modern upgrades. each unit has been thoughtfully renovated, featuring sleek contemporary kitchens, stainless steel appliances, updated bathrooms, and sun-drenched living spaces that feel like home.

appraised well over asking at $420,000
monthly gross rent: $3,975
($1,025 + $950 + $950 + $1,050)
water: $1,100/year
taxes: under $1,000/year
maintenance: estimated $1,000/year
current net operating income (noi): ~$44,900
current cap rate: ~10.7%

each unit is separately metered, tenants pay their own gas and electric, and there's off-street parking, a shared backyard, and strong curb appeal that’s rare to find at this level of finish.

upside potential? rents are solid now but under the market for updated 2-bed units in the area. with strategic rent increases over time or short-term rental opportunities, your cash flow could go from good to great.

whether you're an investor looking to grow your portfolio or a savvy buyer ready to live in one unit and let the others pay the mortgage — this one checks every box.

• Property Type

  Multifamily

• Subdivision

  Albert Hesselbacher & Joseph S Visgers (plats)

• County

  Wayne

• Style

  Colonial

• AD ID

  50114787