Two Detroit Apartment Complexes For Sale BOTH FULLY OCCUPIED

[Daniel Elijah Richardson]

Portlance St Detroit, MI 48205 and Seven Mile E Detroit, MI 48234 Email Me For Full Addresses 

Asking Just 260k For Both (Very High Cap Rate) About 21.4%

Gross Income= $75600 Net Income= $55769.6

(Do not market or send to anyone without my permission)

Portlance St Detroit (Selling For 165k Alone)

Unit 1 Tenant Paying: $500

Unit 2 Tenant Paying: $450

Unit 3 Tenant Paying: $400

Unit 4 Tenant Paying: $450

Unit 5 Tenant Paying: $450

Unit 6 Tenant Paying: $400

Unit 7 Tenant Paying: $400

Total: $3050

Gross Annual Income= $36600

Monthly Expenses:

Owner Pays $70-90 in Gas. $200-230 in Water $55 in Taxes

Exterior Details

Lot Size - Square Feet 7362 sq ft

Lot Size - Frontage Feet 67.0 sq ft

Lot Size - Depth Feet 110.0 sq ft

Lot Size - Acres 0.169 ac

Seven Mile E Detroit, MI 48234 (Selling For 170k Alone)

Unit 1 Tenant Paying: $550

Unit 2 Tenant Paying: $450

Unit 3 Tenant Paying: $450

Unit 4 Tenant Paying: $450

Unit 5 Tenant Paying: $450

Unit 6 Tenant Paying: $450

Unit 7 Tenant Paying: $450

Total: $3250

Gross Annual Income=$39000

Exterior Details

Lot Size - Square Feet 7362 sq ft

Lot Size - Frontage Feet 67.0 sq ft

Lot Size - Depth Feet 110.0 sq ft

Lot Size - Acres 0.169 ac

Monthly Expenses:

Owner Pays $70-90 in Gas. $200-230 in Water

Email Me For Leases

[email protected]

(Buyer Must Put Down A 5k NON REFUNDABLE EMD)

CLICK LINK FOR PHOTOS

CALL: (734)833-3978 TO SCHEDULE A PRIVATE SHOWING. MUST PROVIDE PROOF OF FUNDS