Large and beautiful MULTI-FAMILY PROPERTY with TWO APARTMENTS, RENTAL YIELD 10.62%

5032 Hurlbut St, Detroit, MI 48213, USA
House with flats • 6 bed. • 2 bath. • 250 m²
HKD 1,056,336

LA DESCRIPTION

This large two-apartment property is located in Detroit's East End, five minutes and less than three kilometers from Chandler Park, a 220-acre conservation area.

The property is divided into two large three-bedroom units. It includes a large three-bedroom apartment on the ground floor and a large three-bedroom apartment upstairs. The property meets the standards of SECTION 8. Both apartments have incumbent tenants who pay $1600 in rent each month. Rent is paid directly to the landlord by the City of Detroit, making it a great turnkey investment in a place where property prices are steadily rising year after year.

LOCAL AREA

This home is located in the East District of Detroit, right next to Chandler Park. Chandler Park's Healthy Neighbourhood Strategy received one of 11 Build Health Challenge planning grants to develop the area. Many properties have been removed and the area is being redeveloped. It includes a swimming pool, a football field and an artificial grass football field, tennis courts, a formal flower garden, a community food garden and hiking and cycling trails.

Spaces

Bedrooms6
Bathrooms2

Surfaces

Living250 m²
Amenities extracted by AI.
Swimming pool
Tennis

Detroit

The agent has not provided the exact address for this property. You can request it here.