2501 Alter Rd, Detroit, MI 48215

HIGHEST AND BEST FRIDAY AT NOON. LOCATED EXACTLY ONE BLOCK FROM THE INFAMOUS CITY OF GROSSE POINTE, YOU WILL FIND 2501 ALTER NESTLED ON A 2,914 SQUARE FOOT LOT IN THE QUIET RIVERBEND NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL CONSISTS OF 6 RECENTLY REMODELED UNITS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACES AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND FASHIONED WITH LAMINATE FLOORING OR BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 6 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $5,890 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!