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Property description
This property presents an outstanding investment opportunity in the highly sought-after Arden Park and North End areas of Detroit. The duplex currently generates a solid rental income of 1, 000 per month for each unit, with leases set to end on December 31st, 2024, for Unit 1 and October 31st, 2024, for Unit 2. With market rents in the area ranging between 1, 200 and 1, 400 per unit, there is significant potential for increased revenue. The property itself has been thoughtfully remodeled to combine modern amenities with its original charm. It features beautifully preserved original hardwood floors throughout, giving the space a warm and inviting feel. The updated kitchen boasts newer countertops, providing a fresh and contemporary look. Additionally, the property benefits from newer plumbing and heating systems, ensuring both comfort and reliability for tenants. Each unit features 2 bedrooms, with access to a washer and dryer in the basement. Additionally, the property includes an attic that can easily be converted into a third bedroom or loft space. Situated in a prime location, this duplex is just a stones throw away from North End developments, the historic Boston Edison district, and the picturesque Arden Park neighborhood. Moreover, it offers easy access to the vibrant communities of Midtown, New Center, and Downtown Detroit, making it an attractive option for tenants seeking a central and convenient location. Whether you're looking to expand your rental portfolio or seeking a long-term investment with upside potential, this property is well worth considering.
For more details:
Listed by: Jeff Glover
For more details:
Listed by: Jeff Glover