16918 Hubbell Street, Detroit, MI, USA
2
479 m2
Michigan
This beautiful duplex comes fully updated on Detroit's west side. These charming units both feature a private garage and basement access. The lower unit is a 2 bed/1 bath, and the upper unit is a 1 bed/1 bath with a bonus room. The lower unit is occupied at $1,225/mo, with a $50/mo landlord credit for water (factored into projected expenses). The upper unit currently is vacant, but has applicants at $900/mo. Tenants each pay their own electric and gas. Priced at an 11% pro forma cap rate, this is an incredible opportunity to invest in a turn-key housing opportunity.