$229,900
Pending

12400 BARLOW STREET

Detroit, MI 48205
2880 sqft | 4 baths | #20240043565
Browse 9 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!

  • Interior Details
      • HeatingForced Air
    • Beds & Baths
      • Total Baths4.00
      • Bathrooms4
      • Full Baths4
  • Property Details
      • Square Feet2880
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1929
  • Community and Neighborhood Details
      • ZoningMulti-Family
      • School DistrictAirport
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$229,900
  • Other
      • MLS #20240043565

Location

Theresa ColemanReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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