7x Wellington Ave + 21 Potential Studios Multi-Family FOR SALE


Warren, MI - Southeast Warren
$2,170,000 USD
586-741-6612
, Warren, MI for Sale
$2,170,000 USD
Multi-Family - FOR SALE
1/5
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7x Wellington Ave + 21 Potential Studios
Warren, MI
Southeast Warren


HIGHLIGHTS

  • Portfolio of 7 single-family homes with combined income potential over $12,000/month.
  • City-approved potential to add up to 21 new studio apartments for expanded rental income exceeding $33,000/month.
  • Total investment of $2,170,000 with flexible financing options including Land Contract, FHA, VA, and Conventional.

OVERVIEW

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.

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Erick MonzoKeller Williams Realty - Great LakesMore Info
586-741-6612

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Erick MonzoKeller Williams Realty - Great LakesMore Info
586-741-6612

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.