10311 CADIEUX RD Detroit MI 48224-1898

Rare opportunity don't let this pass you by. 100% occupancy and all rents are at market rate. The average rent is just over $1000. No deferred maintenance, start cash flowing from day 1. 10 of the 12 units are section 8 with regular rent increases each year. All tenants are in a lease. The owner pays for water, heat, and some electricity. The water bill averages $400. Also, the taxes were just lowered. This means more cash in your pocket. No showings without an accepted offer. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer is to pay a $495 transaction fee to Downtown Realty. The listing agent is part of the LLC selling the property. Please send offers to [email protected]. EMD to be held by Now Title Agency. 5% EMD no receptions

Rare opportunity don't let this pass you by. 100% occupancy and all rents are at market rate. The average rent is just over $1000. No deferred maintenance, start cash flowing from day 1. 10 of the 12 units are section 8 with regular rent increases each year. All tenants are in a lease. The owner pays for water, heat, and some electricity. The water bill averages $400. Also, the taxes were just lowered. This means more cash in your pocket. No showings without an accepted offer. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer is to pay a $495 transaction fee to Downtown Realty. The listing agent is part of the LLC selling the property. Please send offers to [email protected]. EMD to be held by Now Title Agency. 5% EMD no receptions

Tenants paying electricity (separately metered)

Owner pays water and gas

Hot Water baseboard heating system.

Roof replaced in 2016- good condition

2 hot water tanks replaced 4 months ago (there are 2 hot water tanks and 2 boilers 1 for each building)

Opportunity

Put management in place to screen tenants

Update units as tenants exit

Increase rents on updated units to market of $700