AVAILABLE Properties
14900 Snowden St Detroit, MI 48227
OFF-MARKET RENTAL DETROIT OPPORTUNITY
PROPERTY Details
Sq. Ft: 1,944 Sq Ft
Bedrooms: 4
Bathrooms: 2
Layout: Two 2 bed 1 bath units
Parking: Detached 2 car garage
HOA: None
Occupancy: Both tenant occupied on an active lease.
Unit 1: $1,175/month plus utilities
Unit 2: $1,150/month plus utilities
infrastructure & UTILITIES
Roof: In very good condition | Replaced 10 years ago
Plumbing : Good working order
Electrical: Good working order
Hot water heater: Replaced 4 months ago
Appliances: All kitchen appliances along with washer & dryer we’re provided by the tenant.
asking price
Cash/Hard Money - Can provide lender offering competitive rates if needed
Multiple Exit Strategies!
Asking Price: $180k
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Annual Operating Expenses
Property Taxes: $30.67/ annual
Insurance: $160/ Month
Maintenance: $1,000/ Annual
Total Annual Operating Expenses: $2,950
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Investment Metrics
Purchase Price: $180,000
Monthly Gross Income: $2,325
Annual Gross Income: $27,900
Annual Operating Expenses: $2,950
Net Operating Income (NOI):
$27,900 − $2,950 = $24,950
Cap Rate:
$24,950 ÷ $180,000 = 13.86%
Gross Rent Multiplier (GRM):
$180,000 ÷ $27,900 = 6.45
closing/touring details
$5k EMD to title upon execution of assignment of purchase agreement
Tour available upon request.
COE before 8/22/26
Overview
Turnkey investment opportunity in Garfield Heights with a long-term tenant already in place. The property has been well maintained with recent kitchen and bathroom updates, a detached 2-car garage, and offers immediate cash flow from day one.
Why This Deal Makes Sense
Tenant pays all utilizes
Valid lease in place
Detached 2-car garage adds tenant appeal and long-term value
Value Add Opportunity
Increase property value through completion of the Garfield Heights Point of Sale violations
Opportunity to value add with cosmetic finishes over time
Potential for future rent increases
Strong long-term appreciation potential in a stable rental market
Exit Strategies:
Buy & hold with immediate cash flow
BRRRR after seasoning
Refinance into a stabilized rental portfolio asset
Rare off-market deal, deals in this pocket move quickly — especially with this kind of spread and upside. Looking to move fast. Reach out for access before it’s gone.
AREA INSIGHTS
Real Estate Market Trends:
Stable Rental Market
Detroit continues to attract investors seeking strong cash flow due to its affordable acquisition prices, growing rental demand, and attractive cap rates. The city's large renter population and limited affordable housing supply continue to support long-term rental performance.
Strong Cash Flow Potential
Properties in the 48227 area offer investors an attractive combination of affordability and income potential. Compared to many larger Midwest markets, Detroit provides significantly higher rental yields, making it a popular destination for both local and out-of-state buy-and-hold investors.
Immediate Income
This fully occupied duplex generates $2,325 per month in rental income from day one. With both units leased and tenants paying their own utilities, investors benefit from immediate cash flow while minimizing vacancy and lease-up risk.
Value-Add Opportunity
While the property is already stabilized, investors may have opportunities to increase long-term value through future cosmetic improvements, strategic rent adjustments as leases renew, or continued property enhancements. These improvements can strengthen future appreciation and overall returns.
Long-Term Growth
Detroit continues to experience significant investor activity as neighborhoods benefit from ongoing redevelopment, infrastructure improvements, and steady rental demand. The combination of affordable purchase prices and strong rental performance positions the market well for long-term portfolio growth.
Investor Summary
This fully occupied duplex presents an excellent opportunity for investors seeking immediate cash flow and long-term appreciation. Producing $27,900 in annual gross rental income, with both tenants on active leases and low operating expenses, the property offers a strong investment profile for buy-and-hold, BRRRR, or portfolio expansion strategies. Its attractive cap rate, stable occupancy, and favorable rental fundamentals make it a compelling addition to any real estate portfolio.