Dearborn, Michigan48126
| 4 baths | 2544 sqft | MLS# 20221009465
Sold $272,500
Description
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!