Detroit Multi Family: Reforma Deal

This fantastic large two apartment multi family house is located on a very well kept street right on the boarder of Barton-McFarland, a sought after right next to Aviation Sub. This is a quiet respectable area next to Dearborn and has a great community feel. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. Both apartments will be renovated by Global Investments best contractors and will be supplied rent ready to a Section 8 standard. When complete the management company will place brand new vetted tenants. Each unit should achieve $1,100 - $1,350 in rent each month based on current Section 8 market rates. After Reformas are complete, this house is estimated to have an ARV of approx $160,000 - $170,00 Barton-McFarland is a great neighbourhood in Detroit. This area is next to Aviation Sub and Dearborn which are viewed as two of the top areas in Detroit. Many residents of Dearborn have re-located to Aviation Sub and Barton-McFarland due to its exclusive appeal. The house is also just 4 miles from the University of Detroit.