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3 Tudor Houses in Morningside, Detroit 3 Specialty Properties Offered at $420,000 in Detroit, MI
Investment Highlights
- Beautiful historic Tudor houses boast timeless architectural charm
- Located in Detroit's revitalizing Morningside neighborhood
Executive Summary
NO SCAM with MICROSOFT TEAM MEETING !!!!!!!! PHONE CALL AND SHOWING ONLY.
Seize this prime opportunity for savvy investors to acquire three charming Tudor-style homes in the desirable Morningside neighborhood of Detroit.
Two of the homes are currently rented at $1,200 per month each, with reliable long-term tenants in place. 5203 Devonshire has just been rented for $1,500 per month.
This portfolio generates a strong annual income of $37,242, delivering an attractive average cap rate of 8.87%.
Seize this prime opportunity for savvy investors to acquire three charming Tudor-style homes in the desirable Morningside neighborhood of Detroit.
Two of the homes are currently rented at $1,200 per month each, with reliable long-term tenants in place. 5203 Devonshire has just been rented for $1,500 per month.
This portfolio generates a strong annual income of $37,242, delivering an attractive average cap rate of 8.87%.
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- Operating and Financials
Property Facts
| Price | $420,000 | Number of Properties | 3 |
| Price / SF | $96.80 / SF | Individually For Sale | 0 |
| Cap Rate | 8.87% | Total Building Size | 4,339 SF |
| Sale Type | Investment | Total Land Area | 0.31 AC |
| Status | Active |
| Price | $420,000 |
| Price / SF | $96.80 / SF |
| Cap Rate | 8.87% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 4,339 SF |
| Total Land Area | 0.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5504 Buckingham Ave, Detroit, MI 48224 | Specialty | 1,674 SF | 1937 | - |
| 5790 Berkshire St, Detroit, MI 48224 | Specialty | 1,415 SF | 1925 | - |
| 5203 Devonshire Rd, Detroit, MI 48224 | Specialty | 1,250 SF | 1926 | - |
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3 Tudor Houses in Morningside, Detroit
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