DETROIT RESIDENTIAL PORTFOLIO- 46 HOMES Multi-Family FOR SALE


$3,000,000 USD
313-451-0202
for Sale
$3,000,000 USD
Multi-Family - FOR SALE
1/39
null | 15% Cap Rate

DETROIT RESIDENTIAL PORTFOLIO- 46 HOMES


HIGHLIGHTS

  • 46 HOME PORTFOLIO- 34 OCCUPIED
  • TURNKEY INVESTMENT
  • 15% CAP RATE FULLY OCCUPIED- 11% CAP RATE WITH CURRENT VACANCIES

OVERVIEW

Executive Summary • Total Portfolio Asking Price: $3,000,000 • Occupied Homes: 34 • Vacant Homes: 12 • Acquisition Options: Entire portfolio · Bundles · Individual homes • Current annual rent amount for 34 occupied properties is $374,700 • Potential rent amount with full occupancy for all 46 homes is $511,000 per year • Annual Tax amount for all 46 homes is $45,550 per year • Seller has liability insurance for all 46 homes. $8000 per year total for all 46 homes. No insurance for dwelling. Only liability. • Tenant pays all utilities. Water, gas, and electric. • Current NOI on 34 occupied units and 12 vacant units is $335,200 • Total NOI for fully occupied 46 units is $457,000 per year Scenario Annual NOI ROI / Cap Rate All 46 fully occupied $457,947 15 % Currently occupied $335,200 11 % Buyer broker to be compensated by buyer

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Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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Tarick SalmaciARG AMERICAN REALTY GROUPMore Info
313-451-0202

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