Courtesy: Brikho Properties
Jeffrey Brikho
248-835-2303
INVESTMENT PORTFOLIO SALE - TWO FULLY LEASED DUPLEXES - SOLD AS ONE PACKAGE FOR $235,000........This rare opportunity includes 37 W Woodward Ave and 3918 High St, both located in Ecorse and fully occupied with strong performing tenants delivering immediate cash flow. The portfolio consists of four total rental units with a combined monthly rental income of approximately $4,763 and annual gross income of approximately $58,304. Current net operating income is approximately $43,381, providing an exceptional cap rate for investors seeking stabilized returns with upside potential.......37 W Woodward features two 2-bedroom units generating $900 and $1,000 per month. 3918 High St features two 3-bedroom units generating approximately $1,500 and $1,363 per month. Both properties include separate basements, individual utilities, and strong tenant occupancy with consistent payment history........ Properties are being sold together as a package only.PACKAGE SALE - This listing is part of a two-property portfolio including: ( 37 W Woodward Ave Ecorse MI 48229.... PROPERTY ID: 34-006-06-0008-002) ....( 3918 High St. Ecorse, MI 48229. ....PROPERTY ID:34005040015000
Great investment opportunity! This multi-family property features a tenant-occupied lower unit currently rented through Section 8 for $895 per month, providing immediate rental income. The upper unit offers additional income potential for investors or an opportunity for an owner-occupant to live in one unit while renting the other. Property also includes a detached garage that may provide additional rental income. Conveniently located near major roads, shopping, and dining with easy access to surrounding Downriver communities and Detroit. A solid addition to any investor's portfolio with strong cash-flow potential.
Ecorse is located in Michigan. Ecorse, Michigan has a population of 9,328. Ecorse is less family-centric than the surrounding county with 19.73% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Ecorse, Michigan is $36,912. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Ecorse is 35.9 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 34.4 inches per year, with 34.3 inches of snow per year.
