18037 Pelkey St. Detroit, MI 48205

Investment Details

10 unit Apartment Building. Brick. 100% Occupied. Owned 17 years. No property management company in place, family manages on their own. 1 unit needs some updating but the tenant has been renting the unit for over 10 years. We have all rent rolls & lease agreements. All current on utilities and taxes no mortgages no liens. Not a distressed sale.

Monthly Income:

(8) 1 Bed/1 Bath Units

Rent for $465/month

(1) 1 Bed/1 Bath Unit

Rents for $300/month

(1) Management Unit

Rents for $200/mth

Total Monthly Income: $4,220.00

Gross Annual Income: $50,640.00

Tenants Pay: Electricity

Owner Pays: Water, Gas & Taxes

Water & Gas: $6,400/yr combined

Taxes: $5000/yr1

Insurance: $2,295/yr

Annual Expenses: $13,695.00(Self Managed)

Annual Expenses: $18,758.96(w/ 10% Management)

Annual NOI(w/ 10% Management): $31,881.04

Annual NOI(Self Managed): $36,945.04

Buy Now: $180k PRICE REDUCED!!

$10k EMD

Photos & ROI Spreadsheet

https://www.dropbox.com/sh/win9yo2k8o8hnec/AADR_qzTtPcjmoYpH-viWGt5a?dl=0<<<<<FOR PHOTOS

Additional Information

If not the principal buyer, please add your fee on top.

Seller pays all current & past due taxes & water.

Buyer pays all closing costs.

Sold as-is. POF required with all offers and showings

Seller Willing to Negotiate price Cash Only Deal

FOR MORE INFORMATION PLEASE CALL (734)833-3978 OR REPLY TO THIS EMAIL!!!!