Opportunity to acquire a well-maintained 5-unit brick multifamily property near Rouge Park golf course. Featuring five townhouse-style units with side-by-side layouts, this property offers a desirable floor plan that provides residents with the feel of individual homes while simplifying property management. Each unit includes separate utilities, a functional kitchen with a gas stove, a dining nook, durable vinyl flooring throughout the main level, and carpeted bedrooms upstairs. All units have central air. Situated on a prominent corner lot, the property offers convenient rear parking for residents and guests. The townhouse design, separate utility setup, and low-maintenance brick exterior make this an attractive investment with long-term appeal. The owner has done much maintenance and repairs since acquiring the property. Fully occupied - inquire as to the rent roll. No showings without an accepted offer. Please do not disturb the tenants. Interior photos are of one unit before it was occupied, but similar to other units. Tenants are month to month, three are Section 8, rents run from $900 to $980 per month, water included. Land contract terms offered with 30% down, 7% interest, 30 year amortization, 3 year balloon. For a 5 year balloon the interest rate is 7.25%.
Listing Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse, Office Phone: 313-658-6400
Selling Office: LPS.
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Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.