38 Ridge StEcorse, MI 48229
For Sale
$425,000
Six-unit cash-flowing rental property.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- $425,000 asking price for a six-unit single-family rental portfolio.
- 8.46% current cap rate, with a pro-forma cap rate of 10.52%.
- $35,950 current NOI, projected to increase to $44,728.
- Located in Ecorse, Michigan, Wayne County, zip code 48229.
- Six individual properties included in the portfolio.
- Current rental income of $6,250 per month, with potential to increase to over $7,000 per month.
Location Insight
- City
- Ecorse
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2563246
- Longitude
- -83.1414129
38 Ridge St, Ecorse, Michigan
Nearby Similar for Sale
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