12400 BARLOW STREET
Detroit, MI 48205
2880 sqft | 4 baths | #20240043565
Description
**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!
Interior Details
- HeatingForced Air
Beds & Baths
- Total Baths4.00
- Bathrooms4
- Full Baths4
Property Details
- Square Feet2880
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1929
Community and Neighborhood Details
- ZoningMulti-Family
- School DistrictAirport
- RegionDetroit
- CountyWayne
Financial Details
- Original List Price$229,900
Other
- MLS #20240043565
Location
Legal
Notice: This listing provided courtesy of Realcomp IDX (REALCOMP). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Listing Courtesy
Listing Agent: Craig Covert (#450643)
Listing Office: Century 21 Curran & Oberski (#05467102)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.