Property Description

Discover this beautifully rehabbed brick 4-Unit Investment Opportunity in the heart of Detroit! Welcome to 1501 Glynn Ct, an extensively updated quadplex offering an excellent opportunity for investors and owner-occupants alike. Each of the four spacious units features 2 bedrooms and 1 full bathroom, providing a total of 8 bedrooms and 4 bathrooms throughout the property. Utilities are separately metered. Major improvements were made from top to bottom including a brand-new roof, windows, plumbing, and electrical systems, helping minimize future maintenance expenses. Each unit features brand new vinyl plank flooring throughout, updated bathrooms, and modern kitchens complete with quartz countertops and stainless steel appliances. With estimated market rents of $1,300-$1,400 per unit, the property offers a potential gross rental income of $5,200-$5,600 per month, or $62,400-$67,200 annually at full occupancy. An excellent opportunity for investors seeking a turnkey addition to their buy-and-hold portfolio or owner-occupants looking to house hack by living in one unit while renting out the remaining three. This property is located in a Neighborhood Enterprise Zone (NEZ) and may qualify for tax benefits.Ideally located near the historic Boston-Edison neighborhood, within walking distance of The Congregation, and just a short drive from Downtown Detroit, offering convenient access to dining, entertainment, and local amenities.Don't miss your opportunity to be a part of Detroit's revitalization and own a fully renovated multifamily property in a great location!

Property Features

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