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Buy&Hold (Vacant): (Duplex) 4253 Monterey St, Detroit, MI 48204 + PENDING

Writer's picture: Promise Land Realty Promise Land Realty

Updated: Oct 30, 2024

Single Family Investment Property














Price

$127,500


Off-Market Listing: 4253 Monterey St, Detroit, MI 48204


Property Overview: This turnkey duplex, located on Detroit's westside, offers an excellent investment opportunity. With 4 bedrooms, 2 bathrooms, and a spacious 2,112 square feet of living space, this solid brick property is rent-ready and ideal for turnkey investors.



Key Features:

  • Size: 4 Bedrooms, 2 Bathrooms, 2,112 Sqft (Living Space) + 1,056 Sqft (Basement)

  • Structure: Solid Brick Exterior

  • Condition: New flooring, good mechanicals, requires only cosmetic updates in the kitchen and bathrooms.

  • Flooring: Hardwood floors downstairs and carpet upstairs.

  • Metering: Property is separately metered.

  • Roof: Good condition

  • Garage: 2-car detached

  • Recent Upgrades: New front stairs

  • Location: Near Dexter, with upcoming developments and recently fixed roads

  • Market Rent: Each unit can generate $1,000/month in rental income

  • ARV: Estimated at $270,000+

  • Asking Price: $127,500


Investor Opportunity: This property is situated in an area experiencing growth and revitalization, making it a prime opportunity for investors. With minimal cosmetic work needed, this duplex is nearly turnkey, allowing you to quickly generate rental income. The neighborhood's ongoing developments further enhance the potential for future appreciation.


Showings:

  • Proof of Funds: Required prior to scheduling a showing.

  • Showings: All showings are by appointment only.


Submit Offers: Please submit all offers directly to investments@promiselandrealtyllc.com.


Disclaimer - Terms & Conditions:

  • Non-Circumvention: Circumvention is not permitted.

  • Address: Provided by request or as shown.

  • Proof of Funds (POF), Bio, LOI: Required for seller.

  • Financial Requests: May require POF.

  • Direct Contact: Buyers must provide valid POF before direct seller contact.

  • Marketing Restriction: You may not market this listing unless you are a verified member of the TEAM PROMISELAND JV partnership program.

  • Inquiries & Offers: Email property of interest along with your offer or any questions to the above email address.


Property Comps


Property Map





"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"






PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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