7226 American Street

Description

Welcome to this fantastic income property in the heart of Detroit! This hidden gem is bursting with potential and is eagerly awaiting the right buyer to complete its transformation into a lucrative cash cow. With the rough-ins already completed, you're one step closer to reaping the rewards of this investment opportunity. It's a handyman special that can build tons of sweat equity.The plumbing rough-in has been expertly finished, setting the foundation for the property's functionality. Additionally, a partial upgrade to the electrical system has been undertaken, ensuring safety and modernization. Many new windows have been thoughtfully installed, offering abundant natural light and enhancing the property's curb appeal.One of the most exciting features of this property is the unfinished attic, which is connected to the second-floor unit. With some vision and effort, it could be transformed into a charming living space, adding considerable value to the second unit. The possibilities for this attic conversion are limited only by your imagination.The second unit itself boasts three bedrooms, with one wall currently demolished between two of them. This wall can easily be rebuilt, restoring the unit to its original three-bedroom configuration. This flexibility allows you to customize the space to suit your needs or the preferences of potential tenants.While this property requires an investor to bring it to its full potential for a landlord and tenant situation, each unit already has separate access to their basements, ensuring privacy and convenience for both occupants. Additionally, the gas and electric utilities are already separated, simplifying future management and facilitating accurate billing. There is a single water meter for the property, streamlining maintenance and reducing costs.This house, with its unfinished project awaiting the right buyer, presents a unique opportunity for those with a discerning eye for potential. Detroit's real estate market is thriving, come get some.