Turnkey multifamily investment opportunity generating strong cash flow in a high-demand rental market. This income-producing property is currently tenant occupied with a Section 8 tenant paying $2,300/month, offering immediate and reliable rental income for investors. Estimated 13% cap rate makes this an attractive addition to any rental portfolio. Property offers solid income potential with stable occupancy and low vacancy risk. Ideal for both seasoned investors and buyers looking to expand their cash-flowing assets. Conveniently located near major roads, shopping, schools, and public transportation. Do not disturb tenant. Proof of funds required prior to showing or release of additional information.
Listed By
Agency Name: Sonic Realty LLC
Agency Phone: (313) 484-4696
Shown By
Agent Name: Linda Strang
Agent Phone: (517) 546-5681
Agency Title: Griffith Realty
Estimated Payment
$ 503.45 per month $445.11 Principal & Interest $0.00 Property Tax (data not provided by mls) $58.33 Homeowner's Insurance
3920 Devonshire Road | MLS# 20261032525
This multi-family property located at 3920 Devonshire Road, Detroit, MI 48224 is currently listed for sale with an asking price of $200,000. Devonshire Road is located within the Detroit school district. Search Detroit real estate on lastrang.griffithrealty.com today.