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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
22162503
22162561

18088 Shields St, Detroit, MI 48234 For Sale

BM
MI 6501345023
Propfoxx
Listed by Propfoxx
$69,900
504 days on market
Updated 1 day ago

Shields Performing SFR

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,600
Units 1
Occupancy 100%
Pro-Forma Cap Rate 13.3%
Pro-Forma NOI $9,300
Price per SqFt $44
Class C
Buildings 1
Investment Type Stabilized
Ownership Private

Long term tenant, stable cashflow

Marketing description

Exceptional Investment Opportunity in Detroit's Conant Gardens - 18088 Shields

Overview: Welcome to 18088 Shields Street, a charming brick rental residence nestled in the heart of Northeast Detroit. This property presents a rare opportunity for savvy investors seeking to add a stable performing rental to their portfolio.

Property Details:

  • Type: Single Family Residential

  • Total Bedrooms: 3

  • Total Square Footage: 1,600 SF

  • Location: Conant Gardens, Detroit, Michigan

Discover a prime investment opportunity with this charming brick rental in Detroit's sought-after Conant Gardens near Krainz Park. This solid brick home features a spacious layout with 3 bedrooms and 1 full bathroom, offering durability and timeless appeal, with a half bath as well. Rented for $1,195 per month to a reliable, long-term tenant, it ensures immediate income. The property boasts modern amenities and convenient access to transportation, shopping, and dining. Conant Gardens is known for its strong community and urban living, making it desirable for renters. With Detroit's revitalization, this property offers excellent potential for future appreciation. Don't miss out on adding this solid, income-generating asset to your portfolio.

Investment highlights

Features:

  • Rented and Performin: Long term tenant at $1,195 per month rent

  • Spacious Property: This home boasts generous living spaces, ensuring comfort and style for tenants.

  • Strong Rental Market: The Northeast Detroit area has a robust rental market, making this an ideal investment for steady rental income and long-term capital appreciation.

Investment Highlights:

  • Historical Significance: A piece of Detroit’s history, offering a unique investment opportunity.

  • Strong Income Potential: High demand area with the potential for strong rental yields and occupancy rates.

  • Growth Opportunity: Opportunity to enhance property value through strategic upgrades and efficient property management.

***Financials and inspections available during due diligence period on accepted offer***

Listing Contacts

BM
MI 6501345023
Propfoxx
Listed by Propfoxx

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Additional Information

Name
Brent Maxwell
License
6501345023
Brokerage
Propfoxx
Brokerage Phone
313.908.5700
Title
MI
Brokerage Address
8450 West 10 Mile Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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