51259-51261 MOROWSKE DRIVE
Shelby, MI 48316
1316 sqft | 2 baths | #20230088108
Description
Awesome opportunity in a great location. One unit just became available to show. Was previously rented for 2 years at $1050/mo. Other unit has long term tenant at $950/mo. GROSS INCOME of $24,000 annually. And the potential for increased. Expense structure, including annual taxes of $2,696, water costs of $312 (for both units in 2022), $1,464 in current insurance expenses, and lawn maintenance costs of $780. This translates to a NET PROFIT of $18,748 and an impressive 7.25% CAP RATE. Garage is currently being used by owner. New buyer can allow tenants to use it for rental increase, use it for themselves or rent it out.
Beyond the numbers, this duplex offers attractive features, including recent updates such as a two-car garage, a new roof, and cosmetic enhancements throughout. Each unit includes its own laundry facilities, ensuring tenant convenience. The property also boasts a spacious yard, a large shed, and decks for both units.
Location
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Listing Courtesy
Listing Agent: Jonathan E Foukes (#332978)
Listing Office: Move Realty LLC (#393425)
Listing Courtesy (Buyer)
Buyer's Agent: Hank Mendez (#58000000026417)
Buyer's Office: Real Estate One Inc-Shelby (#58000000001630)
