Home For Sale In Detroit, Michigan

house for sale

Listed: 02/07/24

4456 West Euclid Street, Detroit, MI 48204, USA

6 Bed:

2 Bath:

2,700 Sq Ft Living Area:

Price

$ 52,500

Sold

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About This House

Ferretti Group presents4410-12Euclid. 1920's classic brick duplex staged for redevelopment. This property features over3, 100sq. feet and has 4 floors of space that can be fully utilized. This property is minutes from Downtown Detroit and is conveniently located o ffI-96. This makes for a short drive to nearly everything Detroit has to offer. Redevelopment management system available. After the reconstruction is complete buyer will have a fully new renovated brick product. When renovations are complete and tenants are placed, this property is projected to generate$28, 500+ in annual cash flow operating at a 10.3% cap rate. There is much development going on in the area and a huge demand for clean apartments, this would be an excellent opportunity to own a piece of Detroit.

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