Basics
- Date added: Added 1 year ago
- Category: 48228, Weekly Deals Oct 1
- Rent Period: Per month
- Area: 2734 sq ft
Description
-
Description:
Listed for $109,000
PROPERTY INFORMATION
Brick - Frame Triplex
2,734 sqft
Proforma Cap Rate: 11.40%This triplex is in the Warrendale community. It is a working-class neighborhood located in Detroit, Michigan. It is bordered by Greenfield Road, Joy Road, and the Detroit city limits. Warrendale neighbors Dearborn on two sides and Dearborn Heights on another side.
The community is home to a diverse population of families, young professionals, and retirees. There are a variety of businesses and amenities in the area, including schools, parks, restaurants, and shops.
The investment property is located in the residential area of Warrendale. It is close to schools like Henry Ford College, University of Michigan Dearborn and Wayne State University. There are nearby shops, and restaurants. The property is in need of some repairs, but the property has great potential for rental income.
Overall, the Warrendale community is an affordable place to invest. The investment property is a good opportunity for investors seeking a high Cap Rate in a growing neighborhood.
Proforma
Show all description
https://docs.google.com/spreadsheets/u/0/d/19hbDupk5ACtmcKS5Ll3qxg98Pqt3K_7j/htmlview
