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Four Cozy Homes
2 Holdings Patton is a collective 5,102 square feet of living space on 29,750 total square feet of land, and comprises 4 single-family residences with masonry foundations and siding sheathing. This holdings group, built in 2003 and 2004, presents an interesting investment opportunity in an emerging location. Each of the residences offers 3 bedrooms, 1.5 bathrooms, gas and forced air for heating, and an attached garage. The location provides easy access to nearby schools, such as New St Paul Headstart and Detroit Public Schools, and various churches, including Citadel of Praise and Grace Refuge Chapel.
A Strong Community
These homes are located in Detroit’s Brightmoor neighborhood, a close-knit community known for its accessibility and historic charm. Originally developed in 1922 to provide affordable housing for workers in the city’s automotive industry, Brightmoor features a variety of architectural styles, including ranch homes, Tudors, and Colonial Revivals, reflecting its storied past. The neighborhood thrives on a strong sense of community, with initiatives like the Brightmoor Artisans Collective promoting sustainable food practices and fostering local engagement.
Investment Potential
This group of single-family residences is listed at $321,344 for the 4 properties, and provides investors with an expected rental income of 10.01% and an attractive chance to invest in an emerging neighborhood. This holding group also comes with a $26,000 renovation budget to address any necessary maintenance and general improvements.
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