This charming multi-family home located at 449 W Evelyn Ave, Hazel Park, MI, built in 1925, is full of character and potential, now offering an immediate, solid return on investment. Investor Highlights: Fully Occupied & Income-Producing: Both units are currently rented, generating a total gross monthly income of $2, 000 ($24, 000 annually). Approximate Investment Yield: Based on a list price of $190, 000 (MLS# 20251057915), the gross annual rental income represents an approximate 12.6% Gross Cap Rate ($24, 000 / $190, 000). This calculation does not include operating expenses (taxes, insurance, utilities, maintenance, etc.) and is provided for preliminary financial comparison. The property features 2 bathrooms and a total finished area of 1, 134 sq.Ft. The home spans 2 stories and sits on a lot size of 3, 049.2 sq.Ft., providing plenty of outdoor space for relaxing and entertaining. With its vintage charm and spacious layout, this property offers a unique and compelling opportunity for seasoned investors or those looking to begin their real estate portfolio. The home's central location in Hazel Park provides easy access to local amenities, popular restaurants, and neighborhood parks. Don't miss out on this historic, income-generating gem – schedule a showing today to see all that this property has to offer!
