17-Unit Multifamily Property in Detroit, MI, USA, RealT
Property Type : Multifamily
Price per Token : $50.51
Return Cash (exp) ? : 9.10%
Minimum Investment : 1 Token
Total Property Size : 17x1 Bed / 17x1 Bath
Total Property Value ? : $944,537.00
Total Number of Tokens : 18,700

Sold Out – This Real Estate Token is available on RealTs secondary markets only

 

Beautiful Multi-Family Property
23750 W 7 Mile is a 1955 multi-family residence in Detroit, Michigan. The building features masonry foundations and brick siding, and includes 11,944 square feet of living space and a 13,068-square-foot lot. Each of the 17 units offers 1 bedroom and 1 bathroom, with gas and forced air heating. The property enjoys a prime location next to wide green areas for outdoor recreation, including Grayfield-Glenhurst, Markulis Playground, and Seven Mile-Appleton Playground.

Natural and Convenient
Seven Mile-Rouge is a charming neighborhood in northwestern Detroit, ideal for those seeking a balance between urban convenience and natural surroundings. The area is bordered by Telegraph Avenue and the scenic Rouge River and offers a tranquil setting with easy city access. Homes here showcase early to mid-20th-century architecture, including classic brick bungalows, low-profile ranch houses, and Tudor-inspired designs with unique features like steep roofs and asymmetrical layouts. Residents can enjoy outdoor activities at the Mirage Cricket Ground, a spacious park with grassy fields and woodland trails near the Rouge River. Additionally, its location near Telegraph Avenue ensures convenient city connectivity.

Investment Potential
7 Mile is listed at $944,537 and offers token-holders an expected rental income of 9.10% from this attractive opportunity in a convenient neighborhood. The building includes a $32,000 renovation budget, which provides for necessary upgrades and personalized enhancements tailored to individual assessments and requirements.

 

 

 

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