This portfolio comprises seven single-family homes, each approximately 1,350 sq. ft. with four bedrooms and two bathrooms, generating a combined income potential exceeding $12,000/month.
Properties Included:
23266 Wellington Avenue
23268 Wellington Avenue
23270 Wellington Avenue
23272 Wellington Avenue
23274 Wellington Avenue
23276 Wellington Avenue
23278 Wellington Avenue
The City of Warren has informed the seller/developer that a 40x80 concrete slab may be constructed behind each Wellington residence. Each slab could support up to three studio apartments, allowing for the potential development of up to 21 additional studio units. The total investment, including the seven existing homes and the potential studio development, is $2,170,000, with a projected monthly income exceeding $33,000 once fully completed.
An excellent opportunity for investors seeking scalable cash flow and new construction potential in a high-demand rental market. Flexible financing options available, including Land Contract, FHA, VA, and Conventional. Prime location near shopping, schools, and major roadways. BATVAI. IDRBNG.