Allan Tahar R.E. Broker
Listed by Allan Tahar R.E. Broker
$420,000
Portfolio of 3 Tudor Houses in Morningside, Detroit
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 3
Cap Rate 9.97%
NOI $41,854
Occupancy 66%
Class C
Buildings 3
Stories 2
Lot Size (SqFt) 6,000
Investment Type Stabilized
Portfolio of 3 Assets For Sale 3 Tudor Houses in Morningside, Detroit
Marketing description
Seize this prime opportunity for savvy investors to acquire three charming Tudor-style homes in the desirable Morningside neighborhood of Detroit.
Two of the homes are currently rented at $1,200 per month each, with reliable long-term tenants in place. 5203 Devonshire has just been rented for $1,500 per month.
This portfolio generates a strong annual income of $37,242, delivering an attractive average cap rate of 8.87%.
Don’t miss out — this exceptional opportunity won’t last long! Serious inquiries only. No lowball offers, please. Contact us for details and to schedule a viewing.
Listing Contacts
Allan Tahar R.E. Broker
Listed by Allan Tahar R.E. Broker
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,854.00
$3,487.83/mo
Valuation Metrics
0
DSCR
9.97%
Cap Rate
9.97%
ROI
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