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20351 E 8 Mile Rd 2 Unit Apartment Building Offered at $373,561 CAD at a 7.60% Cap Rate Saint Clair Shores, MI 48080
Investment Highlights
- easy rental
- close to freeways
- low maintenance
Executive Summary
This duplex is the one! Great cash flow investment or live in one side and rent the other side out. Each unit is a 2 Bedroom/1 Bath Townhouse with a basement. Each unit has gas, electricity, and water metered separately. Newer furnaces/Hot Water Tanks in both units. Newer Kitchen in one unit with granite counters. Roof is about 7-8 years old. Plumbing updated. Vinyl Windows. One unit is tenant occupied at $1200/month and lease goes through early 2028. Other unit is ready to rent! Both rent certified with city until 2028. Dont miss out!
Property Facts
| Price | $373,561 CAD | Apartment Style | Townhome |
| Price Per Unit | $186,780 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| Cap Rate | 7.60% | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1961/2023 |
| Property Type | Multifamily | ||
| Zoning | residential - residential; multi family | ||
| Price | $373,561 CAD |
| Price Per Unit | $186,780 CAD |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 0.13 AC |
| Building Size | 2,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2023 |
| Zoning | residential - residential; multi family |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Walk-In Closets
- Basement
- Dining Room
- Handrails
- Vinyl Flooring
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 09-14-33-360-022 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $162,213 CAD |
Property Taxes
Parcel Number
09-14-33-360-022
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$162,213 CAD
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20351 E 8 Mile Rd
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