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Archived almost 5 years ago

$64,000

4 bd 2 ba 0 sqft

2506 Euclid, Detroit, MI 48206

Residential Duplex Needs Repairs Off MLS

Current Rent **

$2,200

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $1,100
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $1,100
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes

2 Family Brick near LaSalle Gardens - 6BD/2BA - ARV: $205-210K Asking $64K

I have a wholesale deal on a brick duplex near LaSalle Gardens. Convert this into a single family and you have an ARV at $205-210K! Lower unit is vacant and in good condition. Upstair unit is occupied, but needs average rehab.

Needs a new roof, upstairs unit needs new windows. The pictures speak for themselves. This area has a lot of activity. Houses on LaSalle are either being rehabbed or listed. Great area

ADDRESS: 2506 W Euclid, Detroit, MI 48206

DROPBOX: https://www.dropbox.com/sh/umfc6cz86cnlpbq/AAAIi9-a2z3B1kLWXi9Sn50na?dl=0

6BD/2BA
2949 sqft
Brick
Built 1930
Basement

Sold as is- Buyer to do all due diligence. Contact us today for a a walk through. $2,000 EMD.

Location:

2506 Euclid, Detroit, MI 48206

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.