8766 Agnes Street
Detroit, MI 48214

Description

Turnkey investment on this Tri-Plex is located on the corner of Agnes and Crane street in English Village. Located few blocks away Sister's Pie and Red Hook Cafes, Vegan Soul and Craftwork fine restaurants of West Village this triplex is a perfect investment opportunity!! The building produces $1750/month gross rent with rents significantly under market value. One unit is fully renovated with new kitchen, bathroom and fresh paint top to bottom. Minor cosmetic improvements would allow for a 50%-80% rent increase. 2 BR unit upstairs- below market rate of $500/month long term tenant for 5 years. 1 BR unit downstairs - below market rate $500 long term tenant for 3 years. 1BR unit downstairs- new lease for $750/month.

Details

MLS#219015442
Sub-TypeResale
StatusActive
Year1915
Days On Site59

Features

SQ Feet1,092
Units3
Building(s)1

Market Activity 48214

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48214
AreaDet Woodward-Mcclellan/So Mack
Listing VS Median (in 48214)
Price:
$259,900
low | high
Med:
$104,950
100% of Average
SqFt:
1,092
low | high
Med:
3,155
100% of Average
$ / SqFt:
$238
low | high
Med:
$49
100% of Average
On Site:
59
low | high
Med:
137.500000
42.909090909091% of Average
Listing Updated: 04/23/2019
MLS Number: 219015442
Listing Provided By:
Sherri S Saad  of  RE MAX Leading Edge
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