$225,000
$229,900
2.1%For more information regarding the value of a property, please contact us for a free consultation.
11822 Promenade Detroit, MI 48213
5,227 Sqft Lot
Key Details
Sold Price $225,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Detroit City
MLS Listing ID 24011720
Sold Date 05/28/24
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1926
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 35 X 149
Property Description
This fully renovated duplex is the ideal plug and play investment for an investor looking for a turnkey fully occupied section 8 rental. Skip the stress, time, and money that comes with getting a property to pass the section 8 rental inspection, this property has recently passed inspection with both units! Two brand new section 8 families have moved in with 12 month leases. The annual income that this duplex will bring is $33,600 with the current section 8 tenants in place (lower unit $1,500 per month and upper collects $1,300 per month). Each unit is 3 bed 1 1/2 baths! Enjoy low stress investing knowing that everything is brand new therefor your future capital expenses are estimated to be extremely low.
Location
State MI
County Wayne
Area Wayne County - 100
Direction Conner / Outer Dr
Rooms
Basement Full
Interior
Heating Forced Air
Fireplaces Number 1
Laundry In Basement
Exterior
Utilities Available Sewer Available, Natural Gas Connected, Electricity Connected
View Y/N No
Total Parking Spaces 2
Building
Sewer Public Sewer
Structure Type Aluminum Siding
New Construction No
Schools
School District Detroit
Others
Tax ID W21I008896S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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