Apartments - Detroit, MI
Six unit building with steady income flow. Many updates including furnace, water heaters, bathrooms and kitchens. 5 units rented, 1 unit vacant and needs some minor repairs. Operating expenses include taxes, approximate water of $3000/yr, insurance $4540/yr. Owner manages property and does not have formal property management records. Upon accepted offer seller can provide bank statements showing tenant rent deposits, leases and past water bill records if requested. Showings will be after accepted offer. List these two conditions as contingencies in your offer.
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Please call (888) 501-7085.
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