MLS # 20221009465 (Realcomp)
Rare opportunity to acquire investment property with cash flow already in place with additional upside in rents! Property is located in a low velocity sub market with strong tenant base. Four 2 bedroom, 1 bathroom units. Tenant is responsible for electricity and gas and each unit gets one off street parking spot. In place income with opportunity to increase rents to market rates. Projected income of approximately $3,225 per month. Also opportunity to live in 1 unit and rent out the other 3 to cover carrying costs! Walking distance to all the shopping, coffee, and dining of Michigan Ave!
Source: SparkMLS
4-bath home in Dearborn built in 1928.
This home sold for $269,500.
Property tax estimate: $4,209 per year ($351/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
LOT 75 MILLER HOME SUB
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by James B Saros
Jim Saros Real Estate Services
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Property
4224 LOIS Street, Dearborn, MI 48126
View full property history →
County
Wayne County
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