Amazing MULTIFAMILY With 24% ROI Under 265K For Sale

  • $264,900
  • 24 beds
  • 24 baths
  • 17,715 sqft

Another AMAZING OFF-MARKET Multifamily opportunity is now available for any investor looking for their next value add investment to add to their portfolio. Demo and clean-up is and ready for rehab! The property is 100% vacant and in need of a full rehab. All units electricity is individually metered. Tenants pay for their own electricity & heating bill. This will create substantial long term savings for the investor with no huge heating bill surprises in winter months. You’ll only have to pay for common area electricity (exterior and interior hallway lights, hallway heat) plus water. With an expected annual NET OPERATING INCOME(NOI) of 105,288 this investment opportunity will bring an amazing ROI to any investor’s portfolio. Please see the ATTACHED INCOME & EXPENSES STATEMENT.

Price:
$264,900
Address:
12901 W. Chicago St.
Detroit, MI 48228
Square Feet:
17,715
Bedrooms:
24
Bathrooms:
24
Terms:
For Sale
Property Type:
Home
Year Built:
1967
Const. Type:
Brick

Call 407-602-8966 for more details

Property Location

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