Investement Property Multi Family Unit East Side Of Detroit

17441 Goddard St, Detroit, MI 48212

$40,000 After Repair Value -
$29,500 Asking Price -
$1,000 Cost of Repairs =
$9,500 Potential Profit

Property Details

Asking Price $29,500

After Repair Value $40,000

Costs of Repairs $1,000

Potential Profit $9,500

Living Area 1440 ft2

Property Type Multiple / Combo

Bedrooms 5

Bathrooms 2

Half Bathrooms 0

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $1,300

Yearly Expenses N/A

Property Taxes $900

Net Operating Income N/A

Cap Rate N/A

Property Description

Selling a multi unit bungalow home on the east side of Detroit very close to Hamtramck. Home has 5 Beds and 2 bathrooms, 2 kitchens, nice sized basement with built in bar, beautiful lighting fixtures, fenced in with a beautiful patio in the backyard, 2 hot water tanks and good working furnace to heat up the home. Home is on a nice quite block and is clean on the outside. Other homes in this area is selling for higher.. Windows recently updated and maintained, includes furnace, hot water tank, no plumbing issues. Someone can move in this home right away. Tenants moved out about 3 weeks ago paying $850 for downstairs. What the home can use is a little TLC..I believe with some painting, carpet, and staining hardwood floors your all set! Appliances washer, dryer, refrigerator, stove can all be included in the deal as well :) In no way or shape of from is this a distressed property AND THIS HOME IS A STEAL FOR THE PRICE FOR A MULTI UNIT!


Repairs Needed



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