Single Family Home, USA, Detroit, MI 48227, RealT
Property Type : Single Family Home
Price per Token : $50.95
Return Cash (exp) ? : 9.79%
Minimum Investment : 1 Token
Total Property Size : 2 x 3 Beds / 2 x 1 Bath
Total Property Value ? : $132,470
Total Number of Tokens : 2600

 

A WELL-KEPT GEM

14256 Montrose is a meticulously-maintained duplex located on a nice, secure block. Each unit of this property features 3 bedrooms and 1 bathroom, totaling 2,202 square feet of living space on a generous 4,443 square-foot lot. The duplex is equipped with a fireplace and chimney, and includes a detached garage. Currently rented by long-term tenants, this property offers an established income stream.

 

A HISTORIC REVIVAL

In the 1950s, Grand River Avenue and Greenfield Road marked the vibrant center of the bustling Grand River neighborhood. Initially a rural farming village, the area experienced a surge in popularity following the World War II housing boom. Today, the neighborhood reflects a commercial shift, with strip malls replacing national retailers. 14256 Montrose is located conveniently near these retail areas, along with local community centers like Calvary Community Church.

 

INVESTMENT AND RENEWAL

14256 Montrose offers a solid expected rental income of 9.79%. Acquired for $103,000, the listing price includes a thoughtful $10,000 renovation budget reserved for entry upgrades, roof upkeep, and painting. Montrose’s proximity to other RealT properties like 14102 Marlowe and 14622 Hubbell also provides token-holders with economy-of-scale benefits, enhancing the overall appeal of this investment.

 

 

 

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