Portfolio of 5 Tenant Occupied Duplexes

For Sale $ 158550.00
All dollar amounts in USD
  • Type: apartment
  • Status: open
  • ROI: 20.98%
  • Net Annual Income: $33,259.00
  • Net Monthly Income: $2,771.00
  • Monthly Rent: $3,850.00
  • Annual Rent: $46,200.00
  • Taxes: $3,281.00
  • Management: $4,620.00
  • Insurance: $5,040.00

Description

PROPERTY HIGHLIGHTS

  • Portfolio of 5 Duplexes in Detroit, MI – 100% Occupied
  • 20+% ROI
  • Great Location Near Some of Detroit's Hottest Neighborhoods
  • 100% of the units are occupied - Immediate Cashflow
  • High-Demand Location

PROPERTY DESCRIPTION

Pioneer’s Investment Sales Team is pleased to present the exclusive opportunity to acquire this portfolio of 5 Detroit duplexes. These properties are conveniently located just off I-94 Highway and are minutes away from nationally anchored restaurants and retail. 

This package contains FIVE, 100% occupied duplexes in Detroit, MI. These properties have all undergone updates and renovations including new roofs, upgraded electrical, new windows, and updated PEX plumbing along with much more. These properties are completely occupied which means you’ll see almost $35K in net income. This portfolio benefits from extensive capital improvement to nearby neighborhoods totaling several million. These strategic property improvements will benefit the asset and the investment for years to come. Given the great overall condition and excellent location of the properties, this will allow a new investor to reap the benefits with very little deferred maintenance. Further, market cap rate in Detroit for commercial multifamily properties is approximately 8%. We have this aggressively priced at 20+% which is unheard of for the area.

CONTACT

To learn more about this property please email our Investor Relations Manager or call us at 248.727.3252