$350,000
6397 Tuxedo, Detroit , MI 48204
Current Rent **
$5,500
Projected Rent **
$5,500
Detroit 4 Plex Off Market Money Machine $5500 Monthly Rent
6397 Tuxedo Detroit MI 48204
4 Units
All are 3 bedroom units... Huge apartments
Fully renovated inside and out.
New roof, plumbing, electrical, heating..Everything new. (No Cap-Ex)
Rental and lead inspections are all passed with full C of C
All units will be section 8 rented at 1300+ per unit with passed inspections. Prior to closing.
I can provide property management for you if you need it. I can also provide a maintenance staff if you choose to self manage it.
Asking $350,000 CASH
This would be a cap rate of at least 17% NET
It will generate well over $50,000 cash NOI per year.
Pics
https://www.dropbox.com/scl/fo/qx5hyrvfft6x27gvd39pa/h?dl=0&rlkey=kgaye5gpf4794eifgdruj89rq
Location:
6397 Tuxedo, 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.
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