13 UNITS ALL ONE BEDROOM. VALUE ADD OPPORTUNITY. DEFERRED MAINTENANCE, CURRENTLY BELOW MARKET RENT. GROSS POTENTIAL MONTHLY INCOME $11,050. NEWER WINDOWS. Opportunity to Acquire: 1705 Oakman Blvd, Detroit, MI
This 13-unit apartment building, located in a desirable area of Detroit, offers all one-bedroom units with significant upside potential. The property is currently experiencing deferred maintenance and rents are well below market rates, presenting an excellent value-add opportunity for investors. With an estimated gross potential monthly rental income of $11,000, this asset is positioned for strong cash flow post-renovation. Initial capital improvements of approximately $100,000 to $150,000 are recommended for system upgrades and general building improvements. Conveniently located near shopping centers, schools, major roads, and highways, this property is ideal for repositioning in a stable rental market.