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Four Convenient Residences
2 Holdings Fielding encompasses a collective of 5,284 square feet of living space on 22,736 total square feet of land, and includes 4 single-family residences with masonry foundations and siding sheathing. This holdings group, built in 2003, presents an interesting investment opportunity in an emerging location. Each of the 4 residences offers 3 bedrooms, 1.5 bathrooms, gas and forced air for heating, and an attached garage. The homes enjoy easy access to nearby churches, such as Rosedale Park Baptist Church and Greater New Light Baptist Church, along with Optimist-Stout Playground for outdoor enjoyment.
A Collaborative Neighborhood
Located in Detroit’s historic Brightmoor neighborhood, these homes are situated in a community celebrated for its rich history and strong sense of connection. Established in 1922 to provide affordable housing for workers in the burgeoning automotive industry, Brightmoor showcases diverse architectural styles including ranch homes, Tudors, and Colonial Revivals, reflecting its vibrant past. The area offers a variety of dining options, including popular spots like Sonny’s Hamburgers and Billy’s Coney Island, both located on Schoolcraft Road.
Investment Potential
This group of single-family residences is listed at $317,709 for the 4 properties, and provides investors with an expected rental income of 10.09% and an attractive chance to invest in an emerging neighborhood. This holding group also comes with a $24,800 renovation budget to address any necessary maintenance and general improvements.
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