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Four Beautiful Single-Family Residences
1 Holdings Patton is a collective 5,424 square feet of living space on 23,781 square feet of land that includes 4 single-family residences with masonry foundations and sheathing siding. This holdings group from 2003/2004 presents an interesting investment opportunity in a desirable location. Each of the four residences offers a comfortable and accessible living experience and provides 3 bedrooms, 1.5 bathrooms, gas and forced air heating, and an attached garage. These homes also enjoy convenient access to nearby green spaces like Stoepel Park, Outer Drive-Burguess, and Optimist-Stout Playground, making them perfect for families and outdoor enthusiasts.
A Convenient Location
Located in the Brightmoor neighborhood of Detroit, these homes are part of a vibrant and connected community. Originally developed in 1922 for Detroit’s auto workers, the area boasts a variety of architectural styles, including ranch homes, Tudors, and Colonial Revivals. Brightmoor is also home to several community organizations like the Brightmoor Artisans Collective, which offers gardening classes and sustainable production. For deli-fresh items and other grocery essentials, locals go to the nearby Meijer supermarket, which offers a wide selection to meet household needs. Interstate 96 runs along the southern edge of Brightmoor, while Telegraph Road and the Southfield Freeway provide convenient connections to major highways and the broader Detroit area.
Investment Potential
This group of single-family residences, listed at $319,095 for the 4 properties, provides investors with an expected rental income of 10.08% and an interesting chance to invest in a popular neighborhood. This holdings group’s listing price also includes a $26,000 renovation budget for deferred maintenance and general improvements.
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