Detroit-Shoreway four-plex income property with great apartment units near the Gordon Square Arts District! Many updates and an excellent rental history make this investment property an exceptional value. First floor units are flats with one bedroom, one bath floor plans and access to a basement space while the upper level units are two bedroom, one bath townhome style floor plans. The property offers off-street parking including a 2-car garage (key to higher rents and less vacancy time). Some units are near market rate while some have long-term tenants with low rents; most tenants are month-to-month. The projected monthly income could be $5k without doing much. Units have separate utilities (gas/electric), all appliances are included plus coin laundry. Windows, roof, mechanicals and systems replaced/ updated over the past 10 years. An attractive property, good investment, fantastic location. Located 3.5 miles from downtown CLE (8 minute ride), 1.5 miles to the W25th corridor of destinations, 1.0 miles to Edgewater State Park and Beach (6 minute bike ride), just a 1/3 mile to Gordon Square Arts District with shoppes, theaters, eateries, pubs and all sorts of cool places! This property is close to many destinations. Limited showings, some units available to view only with written offers. Inquire for details of rental terms and additional operational expenses.
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