31 properties available
Beautiful Fully Rented Brick Duplex in Booming Detroit! This Duplex consists of 2 Two Bedroom/ 1 Bath Units. The building is 1880 Square Feet and the lot is 4,356 square feet. The property has two furnaces and two electric meters as tenants pay all utilities.The property can be managed by an experienced Property manager who is licensed as required in Michigan and is very hands on. Rents are $900 a Month for both units ($10,800 per year) which is low for the area but both tenants are long term tenants. Seller will pay Property Manager in Advance for the first year making this a great hassel free investment! Only Cash Offers will be considered! Act Now! Title conveyed free & clear. Sale is contingent upon seller acquiring clear title from a third party prior to closing. Seller to refund earnest money deposit if seller is unable to clear any & all existing liens, or unable to acquire proper title, prior to closing. Sale listing is not a provided through a United States Securities Dealer or Broker or U.S. or a Foreign Investment Advisor. Sale listing is provided through a Private Investor who makes no representations or warranties. Property is sold "as is" - Do your due diligence.
Size Upon Req.$165,000
14 unit apartment building
Very Clean, well maintained,
Great investment opportunity. Impressive 12% cap rate with only 4 units occupied. Asking $198,500 (negotiable). All brick, five story, 32 unit apartment building 24 x 2 Bedroom/1 Bath (approx. 1200 sq. ft.) + 8 x 1 Bedroom/1 Bath (approx. 900 sq. ft.). Building had been stripped (all windows still intact) and needs total rehab - unit/commons area renovation, boiler replacement; approx. $125-150K total rehab investment. Fenced parking lot and green space for residents. Land contract opportunity with minimum of $95K down. 5 year term. 7-10% interest rates based on credit worthiness.
Value-Added Opportunity Both of the properties possess an upside opportunity through strategic capital improvements and specialized management. Additional revenue may be achieved through the implementation of a RUBS Program. Prime Locations - These properties are conveniently situated within minutes to Detroit's Central Business District, major employment centers, entertainment venues, and shopping. Improving Market - The Michigan employment rate has increased by 3% over the past nine months. This has been the catalyst for improving apartment occupancies and operations. Current Occupancy 82% (June 2012) - Owner has implemented a new leasing program which has increased occupancy from 66% to 82% within 4 months. Occupancy is estimated to be 98% by September 2012.
Historic Lakewood Apartments has two floors housing twenty spacious units. The premises are kept very clean and well maintained. Amenities of Lakewood Apartments: Electric stoves, refrigerators Laundry on site Free parking Cable-ready Manager on site Pets allowed Lawn and Snow Removal Service Provided
3 Commercial/Residential Properties for ONLY $15,000 FIRM. The three properties are located at, 1) 10240 Rosa Parks Blvd Detroit MI 48206, Detroit, MI 48206 2) 10332 Rosa Parks Blvd Detroit MI 48206, Detroit, MI 48206 3) 12001 Rosa Parks Blvd Detroit MI 48206, Detroit, MI 48206. We believe its about 12 stores with about 20 apartments. Wholesale Bulk Package Offered At $15,000. Price is Not Negotiable. These are all very recent previous Foreclosure and transaction will be completed by our office at NO additional closing cost to buyers. Properties are vacant. All will need rehab. All wholesale assets are sold as is where is of course. $5,000 EMD (Deposit) to be held by agent. Drive by showing ONLY. Buyer to view & verify all if desired too.
Operating auto business for sale currently doing repairs, tire sales, towing and auto sales. City lot adjacent 30' x 100' may be available.
The Balren has three floors housing twenty-six studio and one bedroom apartments. Numerous choices for your shopping are nearby as is a bank. Pets are allowed with an extra security deposit. This quiet, relaxed and friendly building could be your next home! Amenities of The Balren: Gas Stoves Refrigerators Coin Operated 24 hour Laundry Facility On Site Free Parking Cable-Ready Manager On Site Interior Mailboxes Smoke Detectors Lots of Closet Space
Cable TV Hook-up, each unit contains refrigerator / freezer and gas range / oven. All units have smoke alarm & dead bolt locks on apartment doors. New roof installed and exterior has been painted. OTHER APARTMENT BUILDING FEATURES: Heat Type: Gas Furnace / Hot Air Utilities: Water and Heat Included Elevator: No elevators Lease Agreement: One year lease. Parking: Off street parking.
3-bed, 1-bath Single Family Home
324-Unit Apartment Portfolio (5) properties being sold individually or as a portfolio Well-occupied properties - Overall portfolio occupancy above 90% High-occupancy submarket
NEW MEIJER IS OPENING SOON WITHIN QUARTER MILE; CORNER OF GRAND RIVER AVE AND MCNICHOLS RD AT THE VACANT REDFORD HIGH SCHOOL.CURRENT OWNER DID ALL THE UPDATES ON THIS 20 UNITS APT.JUST PURCHASE AND COLLECT THE RENT. FULLY OCCUPIED WITH 22.48 CAP RATE.2012 UPGRADES INCLUDES ALL 64 ELECTRIC BASEBOARD HEATER, ALL 40 WINDOWS, NEW CARPET IN ALL APTS AND COMMON AREA, NEW PAINT, DOORS, APPLIANCES.CALL LISTING AGENT FOR MORE INFO. LISTING AGENT PART OWNER.
Income Property Organization is pleased to present the exclusive marketing of the E. Seven Mile apartments, which consist of 46 units, and is located in Detroit, Michigan. As for the property itself, the E. Seven Mile Apartments is a garden-style building, consisting of majority 1-bedroom units (58%) with the rest of the units being studio apartments. The E. Seven Mile apartments are currently 76% occupied and represents an exciting value add opportunity for a shrewd investor looking to capture this historically low pricing. Currently, the E. Seven Mile apartments are positioned as a strong turnaround opportunity at a value add price. This property is poised for growth by obtaining managerial efficiencies not currently in place as well as the potential for future rental gains through unit upgrading & strategic capital improvements. Thus, this asset can be acquired at a very attractive value. The economic reward will be significant for opportunistic investors with sufficient strength to acquire an asset such as the E. Seven Mile apartments in this once-in-a-lifetime buyers' market.
Massive Apartment Complex believed to be well over 65 Units. Buyer agent to verify unit count. Building has court yard entrance. Great area Surrounded by Expensive well kept buildings photos will be attached. Tremendous upside potential. Building is vacant and will need rehab. All wholesale assets are sold as is where is of course. This is a very recent previous Foreclosure and transaction will be completed by our office at NO additional closing cost to buyer $49,000. ...... Seller will consider land contract at $59,900 with 25K down with No Credit Check. Seller will listen to all reasonable offers.. Seller has 150 Wholesale Detroit properties to liquidate. If your interested in other assets we will provide you a list.....20% EMD to be held by listing agent. Drive by showing ONLY. Buyers agent to verify all.
40 Unit Apartment Complex with 4 Studios, 26 one Bedroom and 8 two bedroom apts. Nice block with public transportation up the street. Building is vacant and will need rehab. All wholesale assets are sold as is where is of course. This is a very recent previous Foreclosure and transaction will be completed by our office at NO additional closing cost to buyer $39,000. ...... Seller will consider land contract at $45,000 with 19K down with No Credit Check. Seller will listen to all reasonable offers. ....Seller has 150 Wholesale Detroit properties to liquidate. If your interested in other assets we will provide you a list..... ...20% EMD to be held by listing agent. Drive by showing only
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