Turnkey Multi-Unit Investment Opportunity in River Rouge! With fantastic income-generating potential features four fully updated units across two separate structures. The main house offers two spacious 2-bed, 1-bath units, updated kitchens and bathrooms, brand new appliances, and brand new electrical fixtures with new 100 amp electrical service. Both units also boast brand new vinyl windows, new flooring, carpet, and fresh paint throughout. Additional updates include two brand new hot water tanks, two new furnaces, new water supply lines, and glass block windows. The front lower unit features a formal dining room and an enclosed porch, perfect for enjoying the neighborhood, with each unit having a separate entrance for added privacy and convenience. The rear building consists of one 1-bed, 1-bath unit and one 2-bed, 1-bath unit, both featuring updated kitchens and bathrooms, fresh paint, new carpet, and flooring. These units are equipped with high-efficiency Pioneer mini-splits units and offer large, open living spaces that provide excellent rental potential. All units are individually metered for utilities, ensuring ease of management. Located in a desirable, quiet neighborhood, this property sits on a corner lot with ample outdoor space. Minutes from the Gordie Howe Bridge & Downtown Detroit. With easy access to local amenities, schools, parks, major highways, this well-maintained property is ideal for both new and seasoned investors. Certificate of Occupancy at closing. Schedule a showing today!
a month ago | Listing updated with changes from the MLS® | |
a month ago | Status changed to Active | |
a month ago | Listing first seen on site |
Provider and Settlement Service | Charge or Range of Charges |
---|---|
Sonic Realty LLC | 1%-6% of purchase price |
Sonic Title Agency, LLC |
Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.) Title Search Fee: $250 - $325 (where applicable) Closing Fee: $450 - $650 |
Sonic Loans Inc. This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing. |
Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees) Loan Discount Fee/points: 0.5%-6% of loan amount. Application/Processing Fee: $0.00 - $875.00 Flood and tax service: $0.00 - $95.00 Underwriting Fee: $0.00 - $1295.00 Document Review Fee: $0.00 - $400.00 Appraisal Fee: $0.00 - $850.00 Credit Report Fee: $0.00 - $135.00 Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing. |
Provider and Settlement Service | Charge or Range of Charges |
---|---|
Appraisal Fee | $0-$800 |
Credit Report Fee | $63-$125 |
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.