Large and beautiful MULTI-FAMILY PROPERTY with TWO APARTMENTS, RENTAL YIELD 10.56%

5219 Lakeview St, Detroit, MI 48213, USA
House with flats • 4 bed. • 2 bath. • 145 m²
PHP 7,029,374

LA DESCRIPTION

This large two-apartment property is located in Detroit's East End, two minutes and less than a mile from Chandler Park, a 220-acre conservation area.

The property is divided into two large three-bedroom units. It includes a large two bedroom apartment on the ground floor and a large two bedroom apartment upstairs. The property complies with SECTION 8standards. Both apartments have an incumbent tenant who pays $1500 in rent per month. Rent is paid directly to the landlord by the City of Detroit, making it a great turnkey investment in a place where property prices are steadily rising year after year.

LOCAL AREA

This home is located in the East District of Detroit, right next to Chandler Park. Chandler Park's Healthy Neighbourhood Strategy received one of 11 Build Health Challenge planning grants to develop the area. Many properties have been removed and the area is being redeveloped. It includes a swimming pool, a football field and an artificial grass football field, tennis courts, a formal flower garden, a community food garden and hiking and cycling trails.

Spaces

Bedrooms4
Bathrooms2

Surfaces

Living145 m²
Amenities extracted by AI.
Swimming pool
Tennis

Detroit

The agent has not provided the exact address for this property. You can request it here.