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
88 days
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212
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15
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Zillow last checked:
Listing updated:
Listed by:
Jeffrey Brikho248-237-4742,
Brikho Properties248-835-2303
Source: MichRIC,MLS#: 26015371
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 2
Heating
Forced Air
Cooling
Window Unit(s)
Appliances
Laundry: In Basement
Features
Basement: Full
Interior area
Total interior livable area: 1,700 sqft
Property
Parking
Total spaces: 8
Parking features: Concrete, Driveway, Paved
Lot
Size: 4,356 Square Feet
Dimensions: 30 x 138 x 30 x 130
Details
Parcel number: 34005040015000
Construction
Type & style
Home type: MultiFamily
Property subtype: 2 to 4 Units
Materials
Vinyl Siding
Condition
New construction: No
Year built: 1929
Utilities & green energy
Sewer: Public Sewer
Utilities for property: Natural Gas Connected, Electricity Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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