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Four Lovely Residences
1 Holdings Pierson is a collective 5,936 square feet of living space on 24,260 square feet of land, comprising 4 single-family residences with masonry foundation and siding sheathing. This holdings group from 2000/2004 presents an attractive investment opportunity in a desirable location. Each of the 4 residences delivers a convenient living environment and offers 3 bedrooms, 1.5 bathrooms, gas and forced air for heating, and an attached garage. Residents can enjoy recreational activities at the nearby Optimist-Stout Playground, a green area with walking trails, a play structure, and a soccer field.
A Close-Knit Neighborhood
These homes are nestled in the Brightmoor neighborhood, a well-established community in Detroit originally designed to house auto workers in 1922. Today, it features a mix of charming ranch homes, Tudors, and Colonial Revivals that reflect its historical roots. Residents enjoy a variety of local initiatives, such as the Brightmoor Artisans Collective, which provides gardening classes and fresh food markets. Michigan State University Extension also organizes community events like nutrition classes for new mothers. Local schools include Gompers Elementary-Middle and Detroit Community High.
Investment Potential
This group of single-family residences, listed at $324,416 for the 4 properties, provides investors with an expected rental income of 10.06% and an interesting chance to invest in a popular neighborhood. This holdings group also comes with a $26,800 renovation budget for addressing general improvements that maintain property values and resident quality of life.
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