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3 Tudor Houses in Morningside, Detroit 3 Specialty Properties Offered at $505,379 CAD in Detroit, MI
Investment Highlights
- Beautiful historic Tudor houses boast timeless architectural charm
- Located in Detroit's revitalizing Morningside neighborhood
Executive Summary
NO MICROSOFT TEAMS MEETINGS. PHONE CALL AND IN-PERSON SHOWING ONLY.
Seize this prime opportunity for savvy investors to acquire three charming Tudor-style homes in the desirable Morningside neighborhood of Detroit.
Two of the homes are currently rented at $1,200 and $1,500 per month, with reliable long-term tenants in place. 5203 Devonshire has just been rented for $1,500 per month.
This portfolio generates strong annual income of $40,842, delivering an attractive average cap rate of 11.35%.
This price is for a quick sale, as-is condition, closing within 90 days. Cash only.
Seize this prime opportunity for savvy investors to acquire three charming Tudor-style homes in the desirable Morningside neighborhood of Detroit.
Two of the homes are currently rented at $1,200 and $1,500 per month, with reliable long-term tenants in place. 5203 Devonshire has just been rented for $1,500 per month.
This portfolio generates strong annual income of $40,842, delivering an attractive average cap rate of 11.35%.
This price is for a quick sale, as-is condition, closing within 90 days. Cash only.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $505,379 CAD | Status | Active |
| Price / SF | $116.47 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 12.30% | Total Building Size | 4,339 SF |
| Sale Type | Investment | Total Land Area | 0.31 AC |
| Price | $505,379 CAD |
| Price / SF | $116.47 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 12.30% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 4,339 SF |
| Total Land Area | 0.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5504 Buckingham Ave, Detroit, MI 48224 | Specialty | 1,674 SF | 1937 | - |
| 5790 Berkshire St, Detroit, MI 48224 | Specialty | 1,415 SF | 1925 | - |
| 5203 Devonshire Rd, Detroit, MI 48224 | Specialty | 1,250 SF | 1926 | - |
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3 Tudor Houses in Morningside, Detroit
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