206 Frazier Street, River Rouge, MI 48218

Description

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!

Price & Status History

MLS Listing History2 listings

Tax & Assessment

Property Details