844 Backus Street
Property Description
Well-maintained and desirable duplex located within the city limits, offering immediate income and future upside potential. The property is currently certified through 2028 and features two one-bedroom, one-bathroom units. Unit 1 (Ranch-Style): Occupied by a long-term tenant paying $650/month and responsible for their own utilities. Unit 2 (Up/Down Style): Currently vacant and move-in ready. Rent immediately for approximately $650/month, or update the unit to potentially achieve $750-$800/month in rental income. (Photos are of this units) This is an excellent opportunity for a first-time investor or anyone looking to add a positive cash-flow property with value-add potential to their portfolio. Showing Information: Showings are available for the vacant unit only. Access to the occupied unit will be provided upon receipt of an acceptable offer.
Broker Details
Ann Arbor Market Center, Inc. (734) 821-0789
MLS ID: alerolmar103
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $94,000 |
| No. of Units: | 2 |
| Year Built: | 1905 |
| Opportunity Zone: | No |
| Price per unit: | $47,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 0 |
ID: 3yd-GRARMI-26026294
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
W1145 &1147 Lillian Street
Green Lake, WisconsinBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout