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Four Charming Single-Family Residences
1 Holdings Braile is a collective 5,174 square feet of living space on a 31,449 total square feet of land, and comprises four single-family residences with masonry foundation and siding sheathing. This holdings group, built in 2003 and 2004, presents an interesting investment opportunity in a desirable location. Each of the four residences offers 3 bedrooms, 1.5 bathrooms, gas and forced air for heating, and an attached garage. The four residences provide access to nearby green spaces such as Stoepel Park and Optimist-Stout Playground, making them ideal for outdoor enthusiasts and families alike.
A Convenient Location
These residences are situated in the Brightmoor neighborhood in Detroit, a tight-knit community with easy access. This area was established in 1922 to provide affordable housing for Detroit’s auto industry workers and nowadays offers a blend of ranch-style homes, Tudors, and Colonial Revivals that reflect its rich history. Brightmoor is also known for its active community spirit, with numerous organizations and events focused on neighborhood improvement and empowerment like The Brightmoor Artisans Collective, which focuses on educating residents on sustainable food practices. Locals can also find community at Detroit Northwest Seventh-day Adventist Church and Cathedral of Faith.
Investment Potential
This group of single-family residences is listed at $324,672 for the 4 properties, and provides investors with an expected rental income of 10.05% and an attractive chance to invest in an emerging neighborhood. This holding group also comes with a $27,000 renovation budget for addressing any necessary maintenance and general improvements.
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