Real Estate One®

HIGHEST AND BEST FRIDAY AT NOON.Investor Opportunity: 4-Unit Property with Untapped Potential Welcome to 9615 Dexter St, Detroit, MI - a promising investment opportunity for those seeking lucrative returns in the ever-growing real estate market. This four-unit property presents a unique chance to capitalize on the booming Section 8 rental demand in the area. Key Features: Location: Situated in a strategic location, this property offers convenient access to amenities, schools, and public transportation. Income Potential: Unlock a steady stream of income with Section 8 rents, potentially reaching $5,000 per month once the property is optimized. Unit Breakdown: Four units, each with its own distinct layout, providing versatility in rental options. Cash Only, Site Unseen: This property is offered on a cash-only basis and is being sold site unseen. Serious investors who can navigate the current conditions will find a diamond in the rough. Occupancy Status: Please be aware that the property currently has squatters. Successful acquisition will require addressing this situation, and we recommend consulting legal advice for a smooth resolution. Investment Strategy: Rehabilitation: With the right vision and resources, this property can be transformed into a profitable asset. Rehabilitation efforts can significantly increase its value and appeal. Section 8 Advantage: Leverage the high demand for Section 8 housing in the area to maximize rental income and establish a stable, long-term cash flow. Terms and Conditions: Cash Only: The property is available for cash buyers