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5056 Devonshire Road

Detroit MI 48224

2
2392 sq. ft.
0.11 ac.
Multi-Family
Currently for sale - view listing

Overview

Turnkey multifamily investment opportunity generating strong cash flow in a high-demand rental market. This income-producing property is currently tenant occupied with a Section 8 tenant paying $2,300/month, offering immediate and reliable rental income for investors. Estimated 13% cap rate makes this an attractive addition to any rental portfolio. Property offers solid income potential with stable occupancy and low vacancy risk. Ideal for both seasoned investors and buyers looking to expand their cash-flowing assets. Conveniently located near major roads, shopping, schools, and public transportation. Do not disturb tenant. Proof of funds required prior to showing or release of additional information.

Features

2 bathrooms
2392 sq. ft. floor area
0.11 ac. lot size
Multi-Family

Happy sellers in Detroit

95%
95% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 41 multi families similar to 5056 Devonshire Road, have been sold.

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