Detroit Rental Portfolio - Nine Properties Offered Individually, in Groups, or Together Take your pick: purchase one property, create a custom group, or acquire all nine properties for $872,000. The seller reports over $13,000 in monthly cash flow and over $155,000 in annual gross profit. Tenants pay all utilities and water, offering investors a portfolio with those costs paid by tenants. Request property-specific rent, lease, and expense information. Buyers to verify all income, expenses, occupancy, property details, and utility arrangements. These properties are all section 8 properties. The tenants pay under $1,000 each month meaning that over $12,000 is guaranteed cash flow. 10835 Somerset, Detroit, MI 48224 - $120,000 | $1500 rent | owner pays water 19317 Marx, Detroit, MI 48203 - $99,000 | $1400 rent 19734 Kingsville, Detroit, MI 48225 - $85,000 | $1400 rent 10338 Balfour, Detroit, MI 48224 - $99,000 | $1500 rent 20607 Moross, Detroit, MI 48224 - $55,000 | $1100 Rent 20436 McCormick, Detroit, MI 48224, including 20430 McCormick, Detroit, MI 48224 - $85,000 | $1400 rent 15099 Coyle, Detroit, MI 48227 - $99,000 | $1400 rent 10639 Balfour, Detroit, MI 48224 - $110,000 | $1615 18700 Kingsville, Detroit, MI 48225 - $120,000 | $1700
| MLS # | 20261083054 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1941 |
| Days On Site | 23 |
| Listing Provided By | Realtyflo Inc | Eric L Brown |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 938 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.11 |
| Water Front | Yes |
| Rooms Total | 6 |
|---|---|
| Cooling Yes / No | No |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Construction Materials | Concrete |
|---|---|
| Foundation Details | Basement, Brick Mortar |
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | Oneand Half Car Garage, Detached |
| Tax Annual Amount | 1684 |
|---|
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48224 |
| Area | Det Con Mors Grat Hstn |
| Community Name | SILVERMAN SUB |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in SILVERMAN SUB) | |
Price: $120,000 low | high Med: $120,000 sqft: 938 low | high Med: 938 $ / sqft: $128 low | high Med: $128 On site: 23 low | high Med: 23 | |
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48224 |
| Area | Det Con Mors Grat Hstn |
| Community Name | SILVERMAN SUB |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in SILVERMAN SUB) | |
Price: $120,000 low | high Med: $120,000 sqft: 938 low | high Med: 938 $ / sqft: $128 low | high Med: $128 On site: 23 low | high Med: 23 | |