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Listed price in listed location currency (USD).
$125,000
$123,000

022

MLS® 20230076911

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 1680 sqft
Garage Yes
Taxes $958
Lot Size 0.17 acres
Approx. Age 1943
Avg. Price Per Sqft $73
MLS® Number 20230076911

Property Address: 18742-18738-18742 Morang Dr, Detroit, MI, 48205-2926

Average square foot calculated using Size range provided by listing agent.

Description

**Incredible Investment Opportunity with Over 10% Cap Rate!** Discover the perfect addition to your investment portfolio – a remarkable townhouse-style duplex offering a fantastic cap rate of over 10%! This exceptional property boasts two thoughtfully designed two-bedroom units, each with its own private basement and a host of appealing features. **Unit Features:** - Spacious two-bedroom layouts that provide ample room for comfortable living. - Well-appointed kitchen in unit 18738, boasting brand-new cabinets and elegant granite countertops. - Each unit features a full bathroom - Expansive living spaces designed with a focus on both functionality and aesthetics. **Exterior and Maintenance:** - The exterior showcases timeless brick construction that exudes charm and durability. - Freshly painted exterior enhances the property's curb appeal, welcoming residents and visitors alike. - The roof is in excellent condition, providing peace of mind for the new owner. - Enjoy relaxing moments on the covered front porch **Income Potential and Lease Information:** - Unit 18742 is currently tenanted and generating steady rental income, with a recent lease renewal at $810 per month. - Previous tenant in the other unit was paying $995 per month, showcasing the potential for increased rental income. - These figures underscore the impressive financial prospects of this investment opportunity. **Parking and Location:** - Abundant parking space in the backyard offers convenience and flexibility for residents. - Street parking is readily available, providing additional options for parking needs. **Property Details:** -Blocks away from Ford Resource and engagement center - This property consists of two separate parcel IDs, while connected and sharing a common wall. - Schedule your showing today to seize this promising investment prospect and add it to your real estate portfolio-
MLS® Number20230076911
Laundry Level
Central VacNo
FireplaceNo
Acreage0.17
Exterior
GarageYes
Approx. Age1943
BasementFull, Unfinished
DrivewayOne Car Garage
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

Oct 9, 2023End Date
$125,000Sold Price

Sold

Sep 11, 2023List Date
$123,000List Price

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