One of the key highlights of this duplex is its prime midtown location, offering excellent potential for consistent rental income. Whether you’re seeking passive income or a value-add opportunity, the area surrounding Henry Ford Hospital is highly desirable, with a strong history of attracting long-term tenants.
This property also offers the advantage of long-term appreciation. The neighborhood has experienced significant growth, with property values expected to continue rising. By 2027, the projected After Repair Value (ARV) is estimated to reach $5 million to $6 million or more.
Its convenient access to major highways, Downtown Detroit’s shopping and entertainment, and proximity to the hospital make it an ideal location for employees and staff.
Price: $2,250,000
Financing is available for up to 75% of the purchase price with a competitive 30-year adjustable-rate loan. Rates start as low as 7.25%. Click the provided application link to get a quick funding quote and fast term sheets.
Financial Documents provided with POF & Non-Binding LOI
Rick Rosen, CRS
Broker Owner/Commercial Lender
248 650 3333
This is a warranty deed transfer with title insurance paid by seller. We will assign our purchase agreement.
Enclosure links click below:
Current Rent Roll (New one is requested look back soon).
APOD-Financial Projection
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