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2 Turn Key, Fully Rented 4/2 Duplex's in Detroit! Buy 1 or Both

$140,000

SOLD

12757 and 12763 Chelsea St

Detroit , MI

Each duplex is being sold at $70,000 each and are 4/2's (each unit is a 2/1).
Both are located next to each other.
All units are turn key and fully rented below market value for $450 per unit. Rents can be raised to $600-$650.
20 year tenant in place.
Potential CAP rate of 18% once rents are raised!!!

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Sale Comps $240K - $260K
Rental Comps $2,400 - $2,600
Property Type Residential
Location Detroit , MI 48213
Size 2586 ^{sq. ft.}
Bedrooms 8
Bathrooms 4
TAV 11.6K
Annual Taxes $1,054
Year Built 1928

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