Excellent Investment/Owner Occupant Opportunity. Value- Add Fully Occupied Duplex with great income and under market rents. I am a Commercial Real Estate Broker and do not need representation on the Seller Side - Buyers Agent protected and will pay a 3% fee. DO NOT CALL ME TO LIST THE PROPERTY. One unit fully renovated, one unit is similar to the older photos Complete renovation to unit 4233 - lease expires 6/1/2022 4235 - Month-to-Month - will extend an additional year Birmingham location with Royal Oak taxes. Over $100,000 invested over the past year. 4322-4325 W 14 Mile Rd - Royal Oak, MI Expenses Total Tax $4,825.00 Insurance $959.00 Water $400.00 Lawn $896.00 Total $7,080.00 Income 4233 $20,100.00 or $1,675/month 4235 $15,600.00 or $1,300/month Gross $36,000.00 NOI $28,920.00 Proforma Rents 4233 - $22,200 - $1,875/month 4235 - $18,000 - $1,500/month Gross - $40,200 NOI - $33,120 5.5% Cap Rate - $602,181 5.75% Cap Rate - $575,000 6.0% Cap Rate - $550,000 Serious Offers Only - Value Add - Owner Occupy - Prefer Cash and Fast Close Multi Family, Duplex, Triplex, Multi-Tenant. I AM A BROKER AND DO NOT NEED HELP SELLING MY PROPERTY - DO NOT CALL FOR A LISTING - BRING ME A BUYER.
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