This just might be the deal of the year!!! Welcome to 10010 Cadiuex an income producing value add opportunity on the eastside of Detroit. Do not miss out on instant cash flow and instant equity. The heavy lifting is done, headache tenants are gone, just need to get rents up to current market rates. There are 5-2 bed 1 bath units and 6-1 bed 1 bath units, with rents ranging from 550-700. With current market rents being right around $900+ for 1/1 units and $1000+ for 2/1 units, this building will be operating at a 10%+ cap rate in no time. Tenants pay their own electricity, while gas and water is covered by the owner. This deal will not last long as we have a ton of interest prior to going live. Feel free to reach out with any questions at all.
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