20436 McCormick St

Detroit MI 48224

1890 sq. ft.

0.11 ac.

Single-Family

Currently for sale - view listing

Overview

Detroit Rental Portfolio -- Nine Properties Offered Individually, in Groups, or Together Take your pick: purchase one property, create a custom group, or acquire all nine properties for $872,000. The seller reports over $13,000 in monthly cash flow and over $155,000 in annual gross profit. Tenants pay all utilities and water, offering investors a portfolio with those costs paid by tenants. Request property-specific rent, lease, and expense information. Buyers to verify all income, expenses, occupancy, property details, and utility arrangements. These properties are all section 8 properties. The tenants pay under $1,000 each month meaning that over $12,000 is guaranteed cash flow. 10835 Somerset, Detroit, MI 48224 -- $120,000 | $1500 rent | owner pays water 19317 Marx, Detroit, MI 48203 -- $99,000 | $1400 rent 19734 Kingsville, Detroit, MI 48225 -- $85,000 | $1400 rent 10338 Balfour, Detroit, MI 48224 -- $99,000 | $1500 rent 20607 Moross, Detroit, MI 48224 -- $55,000 | $1100 Rent 20436 McCormick, Detroit, MI 48224, including 20430 McCormick, Detroit, MI 48224 -- $85,000 | $1400 rent 15099 Coyle, Detroit, MI 48227 -- $99,000 | $1400 rent 10639 Balfour, Detroit, MI 48224 -- $110,000 | $1615 18700 Kingsville, Detroit, MI 48225 -- $120,000 | $1700