All Forum Posts by: Josh Carter

Prime Investment Property in Hamtramck, MI – 6 Units with Expansion Potential

Address: 2689 Holmes St, Hamtramck, MI 48212
Price: $550,000
Total Rent: $5,900/month

Description:
Seize the opportunity to own a prime investment property in the heart of Hamtramck! This unique offering consists of two buildings: a large quad in the front and a converted single to two-family home in the back, all fully renovated. There is also potential to add two more units in the attic of the front building, maximizing your rental income. Located in a vibrant neighborhood, this property is within walking distance to popular bars, music venues, and comedy clubs, making it highly attractive to tenants.

Property Highlights:

• Two Buildings: A large quad in the front and a two-family home in the back.
• 6 Fully Renovated Units
• Expansion Potential: Add two more units in the attic of the front building.
• Prime Location: Walkable to local bars, music venues, and comedy clubs.
• Current Total Rent: $5,900/month
• Asking Price: $550,000

Invest in a thriving community and watch your rental income grow. Don’t miss out on this excellent investment opportunity in one of Hamtramck’s most sought-after locations.

Feel Free to Reach out for more details and pictures
Josh Carter

[email protected]

4 Bedroom Co-op for sale in Emery Roth's Inaugural Residential Project from 1899. Emery Roth is a famous Manhattan architect known for very high end luxury buildings, this unit was not only his first residential project but it is the last unit left in the building with all of his original details, moldings, features - a collector's item. Everything is maintained well and in good condition (only 2 different families have lived here since 1899). Apt was designed in 1899 with Italian Renaissance style in mind, features 3 fireplaces (now decorative), roman columns in library, original ceilings and wood paneling from gilded age and some light fixtures still in place (electricity fully upgraded). Kitchen currently set as galley with extra dining nook, although there is a separate dining room, living room and library. Apt also has had track lighting installed to hallway ceiling and a recently renovated jack and jill bathroom.

Building just redid brand new roofdeck with views of Broadway and Central Park, also redid gym which has full array of weights, cardio machines, rowing machine and natural light. This also is the LOWEST monthly costs for any Upper West Side 4 bedroom coop as the building leases commercial space to Wells Fargo.

The sellers are downsizing and found the downsize of their dreams and really slashed the price on this to facilitate a faster sale.

HUGE After Repair Value - giving the buyer a lot of room to work with for potential upgrades https://streeteasy.com/building/255-west-90-street-new_york/9c - This is at The Cornwall which was a 1910 development of Neville and Bagge, a rival company of Emery Roth who was also well known. This unit fully restored went for $4.65 in april, building is very similar but no roofdeck or gym and higher maintenance). I think this apt is a great opportunity in a rare buyers market for a live in investor to really make a profit on a coop and add a homerun property to their financial portfolio.

If interested please shoot me an email or text for quickest response (not sure if allowed to post here but will be on listing site in URL)

I just switched from compass to exp because it’s actually the most profitable publicly traded brokerage in the country, only other profitable publicly traded brokerage is Berkshire Hathaway. Even in 2023 when everyone in real estate suffered major losses, exp returned a profit. Standalone brick and mortars like compass are the ones that are burning through money and taking it from the agent and customer

I have this really great property in Hamtramck, a single family guest house behind a quad that just had long time tenants move out. Can anyone recommend a licensed contractor to renovate and upgrade the space at a flat agreed upon rate without my supervision in the Detroit area?  All references truly appreciated. 

Hey Everyone!

I'm an investor who has some midwest properties but would like to buy closer to family. I was wondering if anyone had any experience in acquiring properties via tax lien/deed auctions in SC, also are HOA fees only a Myrtle Beach thing or is that more or less statewide? will I have to worry about that in most of Charleston? I see SC is one of the states hit the least by corona, are people in business right now? Looks like businesses in NYC are just starting to prepare to come back.

can help as a HML/PML my company, Monberg Capital has access to both

Was wondering if anyone had a good agent connection.  I've had bad experienced with agents since buying my property, I've been able to rent in my neighborhood pretty easily on my own, the problem is that I live out of state so it's a trip into town each time there's turnover.  I have bad luck with agents, I've hired about 2 or 3 in my 2 years owning the house none of whom have ever successfully rented it.  One was the top rated girl in the immediate area and took 3 months before I fired her and travelled into town to rent them all myself in the span of a week. 

I am now trying to fill one unit, can anyone point me in the direction of someone who wont drag their feet on this?

I'm living in NY and did my first buy and hold in Detroit.  I played it safe and did a good neighborhood that wasn't dirt cheap but way cheaper than NYC.  for 10% of the price I'm getting cashflow LLs in NY get with 1-2 unit homes with my 5 unit property, however it is tough to find the right people so you need to be resourceful and be ready for those first few years to be like a 2nd job

hamtramck

Hey All,

Just did a bunch of good work on a unit but need help renting it, I'm a remote investor in NY.  Can anyone point me in the direction who can find me a qualified renter and show the property for me?  I can even handle the actual leasing myself online

Thanks,

Josh