09/17/2024
Great 2 Unit, Buy and Hold Opportunity!
30920 Prospect St, Lenox Twp, MI
BEST OFFER - Assignable Buyer's Contract
Market Value As-Is - $210,000
*month to month tenants in there now with the preference to stay
2 Units (Upper and Lower) Total Sq Footage approximately 1650 sq ft. Corner Lot. Extra Lot adjacent (can be split and built on)
Unit 1:
2 Bedroom / 1 Bath ( access to Basement) lower level
approximately 950 Square Feet
Aniticipated Rent = $1050 per month
Unit 2:
1 Bedroom / 1 Bath
approximately $600 Square Feet
Anticipated Rent = $650
The building is in great shape. Needs some minor work on the outside (paint, landscaping, could use a garage). Inside finishes and condition are great. Can be converted to a single family home for $20,000 - $25,000 in Rehab Costs (Enclose Stairwell or add one inside, convert upper kitchenette into bedroom, Paint and Minor Interior Finishes) ARV on SFR for this Sq Footage in the same neighborhood is $270K.
Contact Joseph Fortuna 586-615-2868, message here or leave a comment for more information.
Due Diligence period through 9/28/24