Description
Ferretti Group presents 4410-12 Euclid. 1920's classic brick duplex staged for redevelopment. This property features over 3,100 sq. feet and has 4 floors of space that can be fully utilized. This property is minutes from Downtown Detroit and is conveniently located o ffI-96. This makes for a short drive to nearly everything Detroit has to offer.*Redevelopment management system available. After the reconstruction is complete buyer will have a fully new renovated brick product. When renovations are complete and tenants are placed, this property is projected to generate $28,500+ in annual cash flow operating at a 10.3% cap rate. There is much development going on in the area and a huge demand for clean apartments, this would be an excellent opportunity to own a piece of Detroit. For more information about construction crews and building and ask about Ferretti Speed Builds for a full construction plan.
Location
Listing Agent: Richard Ferrette Courtesy of: 1st Michigan Real Estate Source MLS MiRealSource. Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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permission from MiRealSource, Inc. Updated: 3rd February, 2023 10:04 PM (UTC)
