$235,000

FOR SALE

37 W Woodward Avenue, Ecorse, MI 48229

Ecorse, Mi, 48229

MLS #26015372

Subdivision: -

Building: -

- Beds

-/- Baths

- sqft

$ - /sqft

Property Details

INVESTMENT PORTFOLIO SALE - TWO FULLY LEASED DUPLEXES - PACKAGE PRICE $235,000.Includes 37 W Woodward Ave and 3918 High St in Ecorse, both fully occupied with strong tenants and immediate cash flow. Portfolio totals four rental units with a combined monthly income of approximately $4,763 and annual gross income of approximately $58,304. Current NOI is approximately $43,381, offering an exceptional cap rate with upside potential.37 W Woodward features two 2-bedroom units renting for $900 and $1,000 per month. 3918 High St features two 3-bedroom units renting for approximately $1,500 and $1,363 per month. Both properties include separate basements, individual utilities, and consistent tenant payment history.Properties must be sold together; the seller will not separate them. Financials, rent roll, and supporting documentation are available after NDA execution. Showings only after an accepted Letter Of Intent (LOI)-. DO NOT DISTURB TENANTS.

Property Features

-

Property Type
Condo/Co-Op/Villa/Townhouse
HOA Fee/Monthly
-
HOPA
-
Membership Fees
-
Appliances
-
Restrictions
-
Furnished
********
Flooring
-
No. of Floor
-
Terms Considered
-
Year Built
1929
Cooling
-
Pets Allowed
-
Amenities
-
Interior
-
Maintenance Fee Includes
-
Governing Bodies
-
Construction
-
Security
-
Heating
-
Garage/Carport
-
Dining Area
-
Exterior
-
Pet Restrictions
-
Parking
-
Application Fee
-
Water Access
-
Pool
-
Gated Community
-
Status
A
Listing Office
Brikho Properties

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Listing Courtesy of: Brikho Properties