Portfolio of 18 Cash Flow Properties in Detroit

For Sale $ 900000.00
All dollar amounts in USD
  • Status: open
  • ROI: 12.72%
  • Net Annual Income: $114,505.00
  • Net Monthly Income: $9,542.00
  • Monthly Rent: $13,425.00
  • Annual Rent: $161,100.00
  • Taxes: $17,525.00
  • Management: $16,110.00
  • Insurance: $1,080.00

Description

PROPERTY HIGHLIGHTS

  • 18-Properties in Detroit's 48205 - 100% Occupied
  • 12+% ROI
  • Great Location Near Some of Detroit's Hottest Neighborhoods
  • All Units Currently Occupied - Immediate Cashflow
  • Unique Unit Mix in a High-Demand Location

 

PROPERTY DESCRIPTION

Pioneer’s Investment Sales Team is pleased to present the exclusive opportunity to acquire this 18-property portfolio located in Detroit’s 48205 zip. The assets are conveniently located just off I-94 Highway and are minutes away from nationally anchored restaurants and retail. 

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, a significant portion of the in-place rents not only lag the competition but lag the rents that have been achieved by the property in the recent months meaning increases can push this portfolio closer to a 14-15% ROI.

 

 

DOCUMENTS

Click HERE to access the documents associated with this portfolio.

 

 

CONTACT

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