Property Description

Opportunity to acquire a well-maintained 5-unit brick multifamily property near Rouge Park golf course. Featuring five townhouse-style units with side-by-side layouts, this property offers a desirable floor plan that provides residents with the feel of individual homes while simplifying property management. Each unit includes separate utilities, a functional kitchen with a gas stove, a dining nook, durable vinyl flooring throughout the main level, and carpeted bedrooms upstairs. All units have central air. Situated on a prominent corner lot, the property offers convenient rear parking for residents and guests. The townhouse design, separate utility setup, and low-maintenance brick exterior make this an attractive investment with long-term appeal. The owner has done much maintenance and repairs since acquiring the property. Fully occupied - inquire as to the rent roll. No showings without an accepted offer. Please do not disturb the tenants. Interior photos are of one unit before it was occupied, but similar to other units. Tenants are month to month, three are Section 8, rents run from $900 to $980 per month, water included. Land contract terms offered with 30% down, 7% interest, 30 year amortization, 3 year balloon. For a 5 year balloon the interest rate is 7.25%.

Property Features

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