4 bedroom house for sale

Overview

Attention Investors and House Hackers! Amazing opportunity to own an income-producing duplex just 1 block from Chandler Park on Detroit's Eastside! Lease both units out for cash flow OR live in one unit and rent the other! Part of a 3-property rental portfolio in Detroit - can be sold individually or together (inquire about other properties). This duplex features two 2 Bed 1 Bath units just over 1000 sqft each. Lower unit is currently leased for $900/month and the upper unit is currently vacant and actively listed for lease at $900/month. Potential Cap Rate when fully leased will be 10% or higher! The property includes numerous updates and renovations including refinished hardwood floors throughout, 2 furnaces and duct work, 2 hot water tanks, updated kitchens and flooring, drywall and painting, and much more! (Scope of Work available) The basement is accessible by both units through the main foyer. There is a parking pad out back for 2 vehicles or street parking is also available. The lower unit features an enclosed porch, while the upper unit has its own balcony space. AWESOME LOCATION - walk or bike to Chandler Park, Detroits fourth largest park with 200 acres of sports fields, sports courts, skate park, walking paths, aquatic facility, and a golf course. A new indoor Recreation Facility is being constructed in the park, and most recently playground and picnic amenities were added. Easy access to I-94 - Just an 11 minute drive to Downtown Detroit or the Grosse Pointes. Don't miss out on this opportunity! Some exterior photos include enhanced landscaping.