Property information
Investor opportunity! Income-producing multi-unit featuring immediate cash flow, multiple income streams, and massive value-add potential. Perfect fit for portfolio expansion or an owner-operator looking for house-hacking upside. CURRENT RENTAL ROLL ($2,100/mo Total): * Unit 1- 2Bed / 1 Bath: $700/mo * Unit 2- 2 Bed / 1 Bath: $700/mo * Unit 3-2 Bed / 1 Bath: $700/mo VALUE-ADD POTENTIAL: Strong market upside with potential gross rental income of $2,700 - $3,000/month ($32,400 - $36,000/year). Bring rents to market rates through simple turnover or light cosmetic updates to capture an immediate 28% to 42% revenue increase. Multi-family properties with this level of embedded equity and income growth do not last long.
Interior
- Electric Water Heater
Systems
- Electric
- Forced Air
- Private Well
- Septic Tank
Listing Courtesy of MiRealSource. Listing Office Joseph Walter Realty, LLC (248) 294-7850. For buyer's agent representation click here.
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