Overview
- Multi Family
- 23
- 0
- 2600
Description
Turnkey Triplex for Investors Seeking Cash Flow, Stability & Immediate Income. Perfect for cash investors, new landlords, or buyers looking to house-hack
while tenants cover the mortgage. This updated triplex near Detroit’s historic Russell Woods/Nardin Park neighborhood would generate $2,930/month in projected gross rent across three spacious units; delivering dependable income with minimal overhead. The property includes a 3-bed/1-bath unit (1,300 sq ft, $1,300/mo) and two 1-bed/1-bath units (700 sq ft at $900/mo, 600 sq ft at $730/mo), each Recent upgrades include new electrical panels, updated plumbing supply and drain lines, new laminate flooring, fresh paint and updated vanities; delivering a clean, low-maintenance product for any investor.
Investor highlights:
• NOI: $24,373.20
• Cap Rate: 10.83% (at $225,000 purchase price)
• Cash Flow (with 20% down): ~$10,748.93/year
• Cash-on-Cash Return: 23.89%
• Expenses include standard reserves for maintenance, property
management, and vacancy.
Nearby School
-
High School District Detroit
