Deal summary

Section 8 Multi-Family in Detroit, MI 48206 – $162,000

6 bed · 3 bath · 2600 sqft · built 1927 · Wayne County

This spacious 3BR/1BA + 3BR/1BA duplex offers 2,600 sqft with the lower unit already occupied at $1,400/month, while the upper unit is vacant and ready to lease. Offered at $162,000, the property has potential gross rent of $2,800/month, projected net cash flow of $692.50/month, and an estimated 22.22% cash-on-cash return—a solid opportunity for investors looking to build their rental portfolio.

HUD rent $2,400/mo