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Sold almost 5 years ago

$65,000

4 bd 2 ba 1892 sqft

521-23 ENGLEWOOD, DETROIT , MI 48202

Residential SFR

Current Rent **

$1,300

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

CASH FLOWING BRICK DUPLEX IN GREAT AREA

ATTENTION CASH BUYERS! THIS BIG BOLD BRICK DUPLEX IS IN A FANTASTIC AREA ON THE TIP OF THE NORTH END. THE ENTIRE AREA IS UNDERGOING HUGE REVITALIZATION IN PREPARATION FOR THE UPCOMING Q-LINE STOP THAT IS SET TO BE STATIONED 2 BLOCKS FROM HERE AT WOODWARD AVE. BOTH UNITS ARE FULLY OCCUPIED WITH GREAT TENANTS. ROOF IS IN GOOD CONDITION. NO REPAIRS NECESSARY, SIMPLY PURCHASE AND BEGIN RECEIVING SOLID CASH FLOW. AWESOME RENT TO VALUE RATIO TO BE HAD HERE. ALSO AMAZING COMPS COMING IN NOT TO MENTION THE EXPLOSION OF GROWTH TAKING PLACE IN DETROIT. —ICING ON THE CAKE IS WITH THIS PROPERTY WE WILL GUARANTEED THE FIRST 6 MONTHS RENT AND WAIVE THE FIRST SIX MONTHS OF PROPERTY MANAGEMENT FEES. GOOD LUCK FINDING THIS PACKAGE DEAL SOMEWHERE ELSE NOT TO MENTION LOCATION LOCATION LOCATION...THE COMEBACK CITY IS ON FIRE AND ITS THE MIDDLE OF WINTER FOLKS. :)) HURRY AND BUY NOW..........

Location:

521-23 ENGLEWOOD, DETROIT , MI 48202

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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.