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10264 Nottingham Road

Detroit, MI 48224
  • $125,000
  • STATUS: Active
  • ON SITE: 103 Days
  • MLS #: 24002174
$125,000
  • 4
    BEDS
  • 0.08
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

School District:

Description

This property is a fantastic investment opportunity with immediate positive cash flow. Located in Detroit, it's a rare find in today's market. The upstairs unit is currently occupied by a Section 8 tenant, providing a steady income of $880 per month. Additionally, the downstairs unit boasts a long-term tenant with an excellent payment history, contributing $975 per month. This property not only offers a consistent income stream but also benefits from the stability that comes with long-term, reliable tenants. With the Section 8 program in place and a history of timely payments from both tenants, this investment promises a secure and lucrative return. Don't miss out on this rare opportunity to add a high-performing asset to your portfolio.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-04-19T19:17:10.337.
www.bhhssnyder.com/homes/146478655
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10264 Nottingham Road Detroit, MI 48224

  • Price: $125,000
  • Status: Active
  • On Site: 103 Days
  • MLS #: 24002174
4
Beds
2
Baths
0
½ Baths
0.08
Acres
1928
Built
Neighborhood:
Detroit City
County:
Wayne
School District:
Detroit
Property Description
This property is a fantastic investment opportunity with immediate positive cash flow. Located in Detroit, it's a rare find in today's market. The upstairs unit is currently occupied by a Section 8 tenant, providing a steady income of $880 per month. Additionally, the downstairs unit boasts a long-term tenant with an excellent payment history, contributing $975 per month. This property not only offers a consistent income stream but also benefits from the stability that comes with long-term, reliable tenants. With the Section 8 program in place and a history of timely payments from both tenants, this investment promises a secure and lucrative return. Don't miss out on this rare opportunity to add a high-performing asset to your portfolio.
Exterior Features

Construction Materials Wood SidingVinyl Siding Parking Total 2 Water Access YN No Waterfront YN No

Interior Features

Basement Full Basement YN Yes Heating Forced AirNatural Gas Heating YN Yes

Property Features

Auction Or For Sale For Sale Cross Street N of Whitter ave Documents Available [] Listing Terms CashConventional New Construction YN No Owner Pays Trash CollectionWater Property Sub Type 2 to 4 Units Sewer Public Sewer Tax Annual Amount 2049 Tax Year 2023 Tenant Pays ElectricSewerGas Utilities Public Water AvailablePublic Sewer AvailableElectric AvailableElectric Connected

Listing provided courtesy of Kristina Khalifeh of Arterra Luxe Collection LLC: 248-733-5893. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-04-19T19:17:10.337.
 
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