Discover these fantastic multi-unit investment opportunities: A total of four units spread across two properties situated in a highly desirable location of Hamtramck. Both properties are located on a single parcel and are fully occupied with month-to-month tenants. All entrances to the front house are located at the front of the building. This well-maintained quad-unit property combines convenience and excellent investment potential. It includes a front building with three units and a separate rear building housing the fourth unit. Each unit offers the rare private in-unit laundry, enhancing tenant satisfaction and appeal. Additional features include a two-car garage, huge attic, and full basements providing extra storage space and value, and a huge size of downstairs and upstairs porches for your extra summer relaxations. This unique setup ensures a steady income stream while offering opportunities to further increase property value over time. All major Groceries/Shopping within walking distance. A minute away from Detroit Downtown. Close to Schools, Shopping, and Freeways.
a week ago | Listing updated with changes from the MLS® | |
a week ago | Listing first seen on site |
Provider and Settlement Service | Charge or Range of Charges |
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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 |
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Appraisal Fee | $0-$800 |
Credit Report Fee | $63-$125 |
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