4203 Grand st Detroit (17% CAP rate)

Two family flat near Russel Woods, I96 and a couple of miles from New Center and Henry Ford Hospital.

Nice block, 6 Bedrooms, 2 kitchens, 2 baths, 2600 sqft.

Cap 17%, price $65,000, $11,040 income per year.

Renovated 2017/2018. Many updates including carpet throughout, both units painted, updated electric, new kitchens, updated bathrooms and a new boiler!

 

Porch will be repaired and new steps will be placed by Profit Homes.

Annual Income
Rental income
$15,600
Property tax
$2,300
Insurance
$600
Property management
$1,560