Condo Package with 20 Units in Southfield, MI
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Financial Details
- Asking Price:
- $2,700,000
- Annual Revenue:
- $276,000
- Location:
- Southfield, MI, US
- Sources:
- Date:
- May 31, 2025
Key Highlights
- Package of 20 condo units in Southfield, MI, offering passive income.
- Primarily leased under Section 8 with a mix of 1 and 2-bedroom units.
- Includes management contract and requires $400,000 proof of funds.
Description
A real estate analyst perspective: This listing features a package of 20 condo units in Southfield, Michigan, presenting a passive income opportunity. The units are primarily leased under Section 8, with a mix of one and two-bedroom configurations. The package includes a management contract, potentially increasing income. A minimum proof of funds of $400,000 is required to receive the profile sheet. The owner is retiring and moving out of state.
Industry Information
- Industry Description:
- Real Estate
- Classification:
- Financial Services
Listing Details
- Listing ID:
- 84d96a65-4bcf-47bc-a382-dc42cde9ed01
- Deal Status:
- For Sale
- Date Posted:
- May 30, 2025
- Last Updated:
- May 31, 2025
- Currency:
- USD
Features & Tags
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