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listing
1 of 29
CommercialFor Sale
$1,200,000
761 Whitmore Road
Detroit, MI 48203
Listed by: Own It Realty, (313) 395-0000
MLS: Realcomp II Ltd
24,499Sq Ft
Est. Mortgage
$6,294/mo

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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IDX provided courtesy of Realcomp II Ltd. via Hassan Shukr and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
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