13941 St Marys Detroit (18.5% CAP rate)
A two family flat in a good block near Grandmont – Rosedale. 4 Bedrooms, 2 kitchens, 2 baths, 2104 sqft.
Cap 18.55%, price $67,500, $12,720 income per year.
This home is currently under renovation and finished end of May. Send an email to firstname.lastname@example.org to schedule a viewing.
Re-wire electrical in both units and replumb house for both units. Remove and replace with drywall all ceiling and walls damaged (water damage), scrape mud and paint to both units- repair floor in living room and refinish all floors that are not damaged or replace with carpet. Replace windows.
Demo two kitchens and bathrooms in both units and replace with new kitchen cabinets, countertops, sink and faucet and backsplash and replace floor tile. Remove and replace toilet and floor tile in bathroom in both units.
Install furnaces and hotwater tanks (when tenant moves in) for both units and any duct work that is needed.
Roof is repaired. Other necessary repairs on the outside are taken care of.