Great investment opportunity! 8-unit apartment on main road on west side of Detroit. Great location near freeway, food and police department. Montessori school/Day-care being built next door, car shop across the street, just a great location. I little further down the road they are building a grocery store. SAFE and a clean building. A couple units need a little TLC. It has 2 vacant units but also has a full basement, with the furnaces and hotwater tanks and enough space for a mini-laundry area for several machines. 6 units occupied at approximately Z700 a month. Seller has contracts for all tenants and all contracts are month to month. Building has the potential to make up to Z900 per unit monthly, which is Z7, 200. Currently making approximately Z4000 monthly. A creative buyer may want to AirBNB the 2 additional units and can potentially make Z2, 000 to Z4000 monthly per unit!! Seller willing to give Z20k for repairs, Z10k for each vacant unit, with full price offers. Bring all offers!!
