Description
GREAT INVESTMENT OPPORTUNITY!! Act now to seize this city-certified 4-Unit Property in Westland! Fully occupied with
month-to-month leases, this income-generating machine currently yields $2,460/month ($29,520/year). Each one-bedroom apartment boasts a private entrance, full bathroom and kitchen. Conveniently located off of Venoy Road, this property is within walking distance to nearby grocery stores and restaurants. Take advantage of this opportunity and add these 4 units to your portfolio, boasting a cap rate of 9.5%. Rents can be raised to current fair market value, $900/month ($3600/month and $43,200/year). Leases are month to month, making this an easy transition! Seller has certificate of occupancy from the city of Westland.
Location
IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 27th September, 2023 1:16 AM (UTC)
Listing Agent: Ryan Makinen
Listing Office: Century 21 Curran & Oberski
