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Cozy Multi-Family Property
18881 Mound is a 1959 multi-family residence in Detroit, Michigan. The building features masonry foundations and brick siding, and includes 3,732 square feet of living space. Each of the 8 units offers 1 bedroom and 1 bathroom, with gas and forced air heating and a dedicated driveway. The property enjoys a prime location near Kern Playground, Syracuse Playground, and Syracuse-Hildale Playground, three beautiful green areas with walking trails, playgrounds, and basketball courts.
An Accessible Neighborhood
Krainz Woods is a historic neighborhood in Detroit that features homes predominantly built between the 1940s and 1960s. The residences offer a mix of charming ranch-style houses alongside colonial and Tudor-style designs, which adds character and variety to the community. Just nine miles from downtown, locals can enjoy Detroit’s bustling events calendar, from Detroit Lions games at Ford Field to major exhibitions at Huntington Place. Additionally, tree-lined streets with sidewalks connect to major roads like Seven Mile, offering convenient access to public transit.
Investment Potential
Mound is listed at $336,340 and offers token-holders an expected rental income of 9.12% from this attractive chance in an accessible neighborhood. This building includes a $20,000 renovation budget, allowing for essential improvements and customized updates based on individual needs and evaluations. This multi-family residence is our latest addition around the area, including 18668 St Louis, and 18848 Bloom. The new property strengthens our strategy to enhance income by investing in developing communities.
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