Residential Income in Detroit

$179,500

17328 Indiana, 48221, Detroit, MI

Residential Income for sale in Detroit, 17328 Indiana, 48221, 2321 m²

17328 Indiana, 48221, Detroit, MI

$179,500

2Bath
2321m²
Type: Residential Income

Description

SHOWN UPON ACCEPTED OFFER ONLY. Solid brick 2-unit duplex, fully leased and professionally managed. One unit is 3 bed/1 bath, the other 2 bed/1 bath, plus basement. Rents today total $1, 649/mo, well below market. At market rent of approx $1, 200/unit, the projected cap rate is approx 6.5% (est. after actual taxes of $8, 286/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify). Lower unit is month to month and can go to market now; upper lease ends 4/30/27. Newer furnaces, updated PEX plumbing and updated electrical. City of Detroit Certificate of Compliance on file through 08/01/2029, so no city compliance work needed for years. Leases and ledgers provided after accepted offer. Cash or conventional only. *Do not disturb tenants. Do NOT email offers; offer instructions and submission link are in ShowingTime and agent remarks.

Agent Information

Location

17328 Indiana, 48221, Detroit, MI

Data

Object TypeResidential Income
Purchase Price$179,500
Living Space2321 m²
Plot Size445.15 m²
Bathrooms2
Construction Year1928
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction Year1928
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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