20810 W Chicago Street, Detroit, MI 48228
sale
$605,000
|
Other
Courtesy Of eXp Realty
811 N. Main St., Royal Oak, MI 48067
Discover this well-maintained 11-unit apartment building located in the heart of Detroit. The property features 4 spacious two-bedroom units and 7 comfortable one-bedroom units, offering a versatile mix to attract a wide range of tenants.
Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow.
Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage.
Landlord-Paid Water: Simplifies utility management for residents.
Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates.
This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit s rental market.
*Showings by appointments by only.
Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow.
Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage.
Landlord-Paid Water: Simplifies utility management for residents.
Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates.
This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit s rental market.
*Showings by appointments by only.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Floors: 2
- Legal Description: N W CHICAGO 32 THRU 35 WESTERN ROUGE PARK SUB L55 P93 PLATS, W C R 22/321 87.66 IRREG
- MLSID: 20251030310
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