9 pictures
House
·
for sale
USD 400,000
USD 102/sq.ft
508 506 Kenilworth
Arden Park, Detroit city Wayne County Michigan
· 3,897 sq.ft · 4 Baths · House
Arden Park, Detroit city Wayne County Michigan · 3,897 sq.ft · 4 Baths · House
Fantastic Investment Opportunity in Detroit's Fastest-Growing Zip Code! Please do not disturb the tenants! Welcome to 508 Kenilworth Street, a fully occupied fourplex located in the heart of Detroit's North End. The city's most exciting and rapidly developing neighborhood, part of the highly sought-after 48202 zip code. Each of the four units features 2 bedrooms and 1 full bath, all currently leased month to month. The cap rate for the market rent and area is 12% ROI. This well maintained property offers both immediate cash flow and long-term appreciation potential in one of Detroit's premier redevelopment corridors. The North End is quickly becoming one of Detroit's most desirable areas, fueled by major nearby investment including the $2.2 billion redevelopment project transforming the city's core. Residents enjoy quick access to Midtown, New Center, and Downtown Detroit, all just minutes away. The property is conveniently close to major landmarks such as the Fisher Building, Henry Fo
Fantastic Investment Opportunity in Detroit's Fastest-Growing Zip Code! Please do not disturb the tenants! Welcome to 508 Kenilworth Street, a fully occupied fourplex located in the heart of Detroit's North End. The city's most exciting and rapidly developing neighborhood, part of the highly sought-after 48202 zip code. Each of the four units features 2 bedrooms and 1 full bath, all currently leased month to month. The cap rate for the market rent and area is 12% ROI. This well maintained property offers both immediate cash flow and long-term appreciation potential in one of Detroit's premier redevelopment corridors. The North End is quickly becoming one of Detroit's most desirable areas, fueled by major nearby investment including the $2.2 billion redevelopment project transforming the city's core. Residents enjoy quick access to Midtown, New Center, and Downtown Detroit, all just minutes away. The property is conveniently close to major landmarks such as the Fisher Building, Henry Fo
USD 400,000