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$3,150,000
Est. payment /mo
4 Beds
2 Baths
2,065 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,065 sqft
Price per Sqft $1,525
Subdivision Arcadia Gardens Sub
MLS Listing ID 5050212321
Bedrooms 4
Full Baths 2
Year Built 1927
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type MultiFamily
Property Description
This property is being offered as a 19 unit single family rental portfolio across Southeast Michigan, sold together as one transaction. It is a turnkey package for an investor who wants real scale on day one instead of piecing it together one house at a time. All 19 homes are occupied and producing, with $343,380 in gross annual rent already in place and professional management running the day to day. The homes are spread across 11 established metro Detroit suburbs in Macomb, Oakland, and Wayne counties, so the income sits across a wide footprint instead of riding on one neighborhood. The mix is mostly three bedroom single family homes, with several four bedroom and multi bath homes in the group. Many of the homes have been renovated, with a handful fully redone in 2024 and 2025. 15 of the 19 homes are on month to month leases, which gives a new owner room to move below market rents toward market on a normal turn and renewal cycle. Tenants cover their own utilities. A full Offering Memorandum with verified financials, the rent roll, taxes, insurance, and full expense detail is available as a private document to qualified buyers under NDA. The 19 homes included in this offering: 22700 Arcadia, St. Clair Shores 61 Madison, Clawson 164 and 160 W Muir, Hazel Park 26135 Groveland, Madison Heights 26096 Delton, Madison Heights 21751 Bournemouth, Harper Woods 19537 E 12 Mile, Roseville 22020 Dante, Oak Park 21925 Elroy, Warren 12739 Sherman, Warren 11043 Hupp, Warren 15687 Ash, Eastpointe 22020 Sunset, Oak Park 32325 Parkwood, Westland 23021 Almond, Eastpointe 20237 Midway, Southfield 20640 Westhaven, Southfield 22456 Gascony, Eastpointe 34000 Fernwood, Westland Request the private Offering Memorandum and schedule your portfolio review today before someone else does. *Property is occupied please do not approach*
Location
State MI
County Macomb
Area Area03151Stclairshores
Interior
Heating Forced Air, Natural Gas, Separate Meters
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Lake City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo
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Listed by Travis C Scott of EXP Realty
NEARBY SCHOOLS & PROPERTIES
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