Multifamily, USA, Detroit, MI, RealT
Property Type : Multifamily
Price per Token : $50.31
Return Cash (exp) ? : 9.29%
Minimum Investment : 1 Token
Total Property Size : 7x1 Bed / 7x1 Bath
Total Property Value ? : $422,604.00
Total Number of Tokens : 8,400

 

A WELCOMING LIFESTYLE
Step into the inviting ambiance of 18011 Hoover, a multi-family residence offering 7 units, each featuring 1 bedroom and 1 bathroom. Located near Grace Church of the Nazarene and Brenda Scott Academy, this property provides many convenient amenities for its residents. The nearby Optimist-Parkgrove Playground serves as a focal point for community gatherings, fostering a sense of camaraderie among neighbors.

AMPLE GREEN SPACES
Named after American Revolutionary War hero Friedrich Wilhelm von Steuben, the Von Steuben neighborhood has a rich cultural heritage rooted in Detroit’s industrial past. The neighborhood’s charming brick Tudor-style homes, as well as its vintage bungalow and ranch-style residences, reflect its historical significance and architectural character. With grid-patterned streets and ample green spaces, Von Steuben offers suburban tranquility.

SUSTAINABLE PROFITABILITY
Hoover makes for a solid investment opportunity with its 9.29% expected income. Acquired for $350,000, this property includes a $15,000 renovation budget set aside for painting, gardening, and deferred maintenance. Hoover’s strategic proximity to neighboring RealT properties such as 17813 Bradford, 17335 Bradford, and 17616 Beland also fosters synergies, driving down maintenance costs and maximizing investment returns.

 

 

 

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