6061 15th, detroit, MI 48208

MULTIPLE OFFER SITUATION. HIGHEST AND BEST DUE BY FRIDAY AT 5PM. LOCATED JUST MINUTES FROM THE INFAMOUS MOTOWN MUSEUM AND NORTH END DISTRICT, YOU WILL FIND 6061 15TH STREET NESTLED ON A 3,484 SQ. MFOOT LOT IN THE NEW CENTER NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX CONSISTS OF 2 RECENTLY REMODELED 3 BED ROOM UNITS, WHILE BOASTING A BRAND NEW ROOF WITH 40 YEAR HIGH DEFINITION SHINGLES. EACH UNIT HAS BEEN CAREFULLY UPGRADED IN ADDITION TO A NEW HOT WATER TANK. THE ENTIRE COMPLEX HAS BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE, EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND HARDWOOD FLOORS. THE UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1488 and $1368 total of $2856 ARE PAID IN FULL BY SECTION 8. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 22% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Information provided by East Central Association of REALTORS® 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Marta Kopania of 1st Michigan Real Estate