c.1921 Michigan Multi-Family Home $45K

$45,000

This Michigan multi-family home, situated in an up-and-coming neighborhood, presents an excellent opportunity for investors or anyone seeking to earn rental income. The building boasts several units that, with a little care and attention, can be revitalized into a lucrative investment.

Realtor Comments

The property requires renovation, providing a blank canvas in the upper unit for you to tailor the space to your needs or the demands of the rental market. Once updated, this property has the potential to generate up to 2,000 per month in rental income, making it an excellent option for those looking to build wealth through real estate. With a solid structure and ample square footage, this property is poised to become a high-yield investment. Don’t miss this chance to turn a fixer-upper into a valuable income-generating asset! Some Pictures are virtual stage to highlight this home full potential. DO NOT APPROACH HOME WITHOUT A CONFIRMED SHOWING OWNER OCCUPIED. Contact Deshonna Igwenagha

3bd
2ba
1,536sqft
Circa 1921

More Michigan Properties

5026 Bewick St, Detroit, MI 48213

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: DeShonna Igwenagha 313-236-0048,

United Real Estate Detroit LLC 313-572-8419

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Niche

Pros:

Cultural Diversity: A rich cultural scene with a variety of festivals, art galleries, and music events, including Motown and jazz heritage.
Affordable Housing: Generally lower housing costs compared to many other major cities, offering great value for homebuyers and renters.
Revitalization Efforts: Ongoing urban renewal projects have led to improvements in various neighborhoods, attracting new businesses and residents.
Sports Enthusiasm: Home to passionate sports fans and teams, including the Lions (NFL), Tigers (MLB), Pistons (NBA), and Red Wings (NHL).
Culinary Scene: A burgeoning food scene with a mix of classic diners, trendy restaurants, and iconic local dishes like Detroit-style pizza.

Cons:

Economic Challenges: Historically faced economic issues, including job losses in certain sectors, which can impact stability.
Public Safety Concerns: Higher crime rates in some areas may be a concern for potential residents.
Weather: Cold winters with significant snowfall can be difficult for those unaccustomed to harsh climates.
Public Transportation: Limited public transit options can make commuting challenging without a personal vehicle.
Urban Blight: Some neighborhoods still deal with abandoned properties and infrastructure issues, although efforts are underway to address these problems.