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Archived over 4 years ago

$92,000

5+ bd 3 ba 2645 sqft

12018 Prairie, Detroit, MI 48204

Residential Triplex Occupied

Current Rent **

$2,100

Projected Rent **

$2,100

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $800
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 1000 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $650
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 820 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $650
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 825 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

AWESOME DETROIT BRICK TRIPLEX FULLY UPDATED WITH NEW ROOF ETC, ETC.

OFF MARKET BRICK TRIPLEX

All 3 units metered separately so all 3 units have separate utilities.
Seperate electrical panels, gas lines, water lines, water tanks etc.
Purchase Price $90,000 FIRM.
NEW EVERYTHING!
AMAZING LOCATION in very hot, up and coming Oakman Boulevard Community. Definitely a 2020 investor favorite. Think B, B+ neighborhood. Very clean street filled with gorgeous well kept bricks next to Livernois, Davison and Oakman Blvd. Just a 1/4 of a mile from Oakman Historic District.
This beautiful and rare Detroit Triplex comes with new roof, updated plumbing, newer HVAC/hot water tanks. Updated electrical. Also, comes with new updated bathrooms, updated kitchens, new paint as well as newly refinished hardwood running throughout. Cash buyers only for this rare off-market beauty.

Location:

12018 Prairie, Detroit, MI 48204

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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.