$29,000
3320 Richton St, Detroit, MI 48206
Current Rent **
$4,500
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Medium
2 Fam / Rooming into SFR
Hello Detroit Investors (and out of state investors),
I am about to put my 2-fam that has been partitioned into a rooming house back on the market after a partial cleanout. Address is 3320 Richton St., Detroit, MI 48206. Rooming house had 10 rooms and 2 basement partitions but house is better suited as a 2 Fam with 6 bd and 2 baths, formal living and dining once converted back. Rent roll if 100% occupied is $4500 but as 2 Fam, closer to $1200. One has a working furnace, needs a second and 2 water heaters. The conversion from rooming would be just a bit of demo = new baths and kitchens. See my investments section for more details on the property. (https://www.biggerpockets.com/forums/850/topics/707070-dexter-linwood-russell-woods?page=1#p4171226). Considering offers before it hits the market at 29k next week, please message if interested. Find my profile by name or email for more details: [email protected]
Location:
3320 Richton St, Detroit, MI 48206
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** 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.
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