761 Whitmore Road, Detroit, MI 48203 is now new to the market!

by Hassan Shukr 03/26/2024

761 Whitmore Road, Detroit, MI 48203
CommercialFor Sale
761 Whitmore Road
Detroit, MI 48203
Listed by: Own It Realty, (313) 395-0000
MLS: Realcomp II Ltd
24,499Sq Ft
Est. Mortgage

Introducing A Prime Investment Opportunity In The Heart Of Palmer Park: A 30-unit Apartment Building, Boasting A Strategic Mix Of 19 1-Bedroom & 11 2-Bedroom Units, This Property Presents An Ideal Canvas For Investors Seeking To Capitalize In The Current Real Estate Market. The Building's Recent Upgrades Include A Brand New Roof & Windows, Ensuring Both Aesthetic Appeal And Long-term Durability. Its Charming Brick Exterior Exudes Timeless Elegance, While Offering 19 Convenient Off-street Parking Spaces, A Coveted Feature In Urban Settings. This Property Is Strategically Positioned For Investors Employing The Buy, Rehab, Rent, Refinance Strategy, With Individually Metered Units Facilitating Streamlined Management & Utility Billing. MSHDA's 2024 Housing Choice Voucher Program Offering Rental Rates — $1,120 For 1-Bedroom Units & $1,420 For 2-Bedroom Units — This Investment Promises Steady Cash Flow & Attractive Returns. With Its Prime Location & Favorable Rental Market Conditions, This 30-unit Apartment Building In Palmer Park Presents An Exceptional Opportunity For Investors To Diversify Their Portfolios & Unlock The Full Potential Of Multi-Family Real Estate Investment. Don't Miss Out On The Chance To Secure Your Stake In This Thriving Market.

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About the Author

Hassan Shukr

Hi, I'm Hassan Shukr and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.