**SOLD** Off-Market 27 Unit MULTIFAMILY With 32% ROI Under 250K Sold

  • $249,900
  • 60 beds
  • 27 baths
  • 29,763 sqft
Sold

Opportunities like this one rarely pop up. This OFF-MARKET Multifamily is perfect for any investor looking for their next value add investment to add to their portfolio. The property is in need of a full rehab, however, WE HAVE PARTNERED with the DEPARTMENT OF VETERANS AFFAIRS (VA) for this project. The VA will be providing grant money to cover the cost of the Rehab as long as the building will be used to house Veterans. With renovated, occupied, cash flowing multi-family properties in the area going between 40k-90k/door the value of this property is HUGE! With area rents for a 1 Bedroom going for 875/month, 2 Bedrooms, 975/month and 3 Bedrooms at 1,075/month the monthly CASH FLOW of 26,925 will bring an amazing ROI to any investor’s portfolio. WE HAVE LICENSED REHAB CREWS IN DETROIT READY TO START WORK FOR YOU!

Price:
$249,900
Address:
3931 McGraw St.
Detroit, MI 48208
Square Feet:
29,763
Bedrooms:
60
Bathrooms:
27
Terms:
For Sale
Property Type:
Home
Year Built:
1920
Const. Type:
Brick

Call 407-602-8966 for more details

Property Location

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