12564 Pinehurst Street

About this home

Excellent investment opportunity featuring a 12-unit income-generating apartment building. 10 of the units are 1 bed 1 bath and 2 of the units are studios. Tenants are responsible for their own electric and gas utilities, while the owner pays for water. Several occupied units have already been renovated with fresh paint and modern flooring. The vacant units may require some updating, and offer an opportunity for an investor to renovate and increase overall rental income. Market rents are estimated at approximately $700"“$750 per unit. Land contract terms are available with a $50,000 down payment.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes when listed. Ask us for a lender quote.

Location

Similar homes in Detroit

$420,000

3 bd · 2.5 ba · 3,870 sqft

594 Fiske Drive, Detroit

Listing courtesy of Keller Williams Advantage

$499,000

4 bd · 2.5 ba · 2,379 sqft

1794 Seyburn Street, Detroit

Listing courtesy of Max Broock, REALTORS®-Detroit

$595,000

2 bd · 2.5 ba · 2,030 sqft

2037 11th Street #10, Detroit

Listing courtesy of Crain Homes

$665,000

7 bd · 4 ba · 4,819 sqft

227 King Street, Detroit

Listing courtesy of @properties Christie's Int'l RE Northville

$500,000

3 bd · 2 ba · 1,726 sqft

525 W Lafayette Boulevard #1801 Garfield St, Detroit

Listing courtesy of EXP Realty Main

$600,000

8 bd · 3 ba · 4,090 sqft

5029 Trumbull Street, Detroit

Listing courtesy of O'Connor Realty Detroit, LLC

See all Detroit homes for sale →