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Jasmine Sheffield

jasmine@jasminesheffield.com +1(734) 624-7562

$ 235,000

Est. payment | -/mo

4,356 Sqft Lot

Save

$ 235,000

Est. payment | -/mo

Save

4,356 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Subdivision George E Cicottes Everbloom Sub

MLS Listing ID 81026015371

Year Built 1929

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type MultiFamily

Property Description

INVESTMENT PORTFOLIO SALE - TWO FULLY LEASED DUPLEXES - SOLD AS ONE PACKAGE FOR $235,000........This rare opportunity includes 37 W Woodward Ave and 3918 High St, both located in Ecorse and fully occupied with strong performing tenants delivering immediate cash flow. The portfolio consists of four total rental units with a combined monthly rental income of approximately $4,763 and annual gross income of approximately $58,304. Current net operating income is approximately $43,381, providing an exceptional cap rate for investors seeking stabilized returns with upside potential.......37 W Woodward features two 2-bedroom units generating $900 and $1,000 per month. 3918 High St features two 3-bedroom units generating approximately $1,500 and $1,363 per month. Both properties include separate basements, individual utilities, and strong tenant occupancy with consistent payment history........ Properties are being sold together as a package only.PACKAGE SALE - This listing is part of a two-property portfolio including:
( 37 W Woodward Ave Ecorse MI 48229....
PROPERTY ID: 34-006-06-0008-002) ....( 3918 High St. Ecorse, MI 48229.
....PROPERTY ID:34005040015000

Location

State MI

County Wayne

Area Area05145Ecorse

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Cooling Window Unit(s)

Fireplace No

Laundry InBasement

Exterior

Parking Features Concrete, Paved

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Building

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Ecorse

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Jeffrey Brikho of Brikho Properties

NEARBY SCHOOL & BUSINESS

+1(734) 624-7562

jasmine@jasminesheffield.com

42949 W Seven Mile Rd, Northville, MI, 48167, United States

3918 High ST Ecorse City, MI 48229