Deal summary

Mortgage Takeover Multi-Family in Detroit, MI 48204 – $116,000

4 bed · 2 bath · 2128 sqft · built 1917 · Wayne County

This tenant-occupied duplex currently brings in $1,800/month with a low PITI of $1,045/month. Fair market rent is approximately $1,200 per side ($2,400 total), offering strong upside. The current month-to-month tenants have been informed and are expecting either to vacate or increase rent by $100–$200 per unit. Great opportunity to take over the existing mortgage through a land trust and increase cash flow!