Courtesy: Key Realty - Monroe
Jeffrey Prowse
Outstanding investment property! Great for investment purposes or live in one side and rent the other to help pay your mortgage. Home has been a cash machine for years! Rare single-level duplex on quiet street, super close to police and fire. 3 bedrooms/ 1 bath each side. Unit #1 virtually move-in ready. Unit #2 needs cosmetic rehab including some floor covering, paint, etc. Mostly hardwood floors in each unit. Home has been owned for approximately 9 years. Unit #1 tenant just moved out after 7+ years. Unit #2 tenant just moved after 9 years. Very stable occupancy! Separate utilities, owner pays water and lawn care. Rents were under market rates as tenants had been with home for many years. Workers have been approached many times by people wishing to rent units as soon as they became vacant! Demand is readily present! Rent increase to $1600.00-1700.00/month (for both units rented) very possible!
Picturesque, rental certified, income producing gem available here! Currently one long term tenant in place for $1100/mo and one unit vacant- perfect for househackers or investors wanting to also place their own tenant. Home has been rental certified for many years, has been updated with flooring, kitchens and bath, all appliances included, two car separate garage, and walking distance to schools, making this the perfect investment. Take advantage of rates coming down, and this very low entry price in today's market of multifamily opportunities. Owner does pay for gas and water- which price reflects this, still providing way over 10% return on your money. As is sale, Broker owned.
This fully occupied Quadra Plex offers an exceptional investment opportunity in a prime location, featuring four well-maintained units. Each unit boasts spacious living areas, modern kitchens equipped with essential appliances, and ample storage space. The property is situated in a desirable neighborhood, close to schools, shopping centers, and public transportation, ensuring high demand from tenants. With a strong rental history and consistent cash flow, this Quadra Plex is an ideal addition to any real estate portfolio, providing both immediate income and long-term appreciation potential.
This 4-unit building is a fantastic addition to any portfolio. Each unit features 1 bedroom and 1 bathroom, offering comfortable living for tenants. The property also includes a 2-car garage and 4 private, locked storage units in the basement, providing added convenience and value. Well-maintained and in a desirable location, this property generates steady rental income with long-term tenants in place. Perfect for investors seeking a turn-key, income-producing asset.
Fully Remodeled in 2017/2018 with all permits (See sharp interior photos!). In 2017, all new Electrical, plumbing, HVAC, new kitchens & new bathrooms. This building has four 2-bedroom units with large living rooms and bathrooms, currently at market rents & two 1-bedroom units with accommodating comfortable amenities throughout. City inspections are yearly. This property is ideal for investors looking for steady income and low maintenance.
Courtesy: Gemstone Realty
Shannon McDougal
Fully Remodeled in 2017/2018 with all permits. (See interior photos!) Property has 10 units, all 1 bedroom units where the tenants pay for their own gas & Electric with DTE (Each unit is individually metered). All tenants are on month to month agreements and aware of sale. Maintenance should be normal to minimal as each year we have city inspections. All the units have the same footprint (Wear and tear will be different per unit). This property is ideal for investors looking for steady income and low maintenance.
River Rouge is located in Michigan. River Rouge, Michigan has a population of 7,257. River Rouge is less family-centric than the surrounding county with 9.78% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in River Rouge, Michigan is $24,023. 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 River Rouge is 36.2 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 34.4 inches per year, with 34.2 inches of snow per year.
