505 Owen St, Detroit, MI 48202, USA

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📍𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 – 𝟓𝟎𝟓 𝐎𝐰𝐞𝐧 𝐒𝐭𝐫𝐞𝐞𝐭, 𝐃𝐞𝐭𝐫𝐨𝐢𝐭, 𝐌𝐈 𝟒𝟖𝟐𝟎𝟐
🍒4-Unit Multifamily – 2-Story, Near Midtown & Wayne State – Big Upside
❤️Asking Price: $70,000
🐦‍🔥Estimated Rehab: $125,000
🔴ARV: $294,000
🚩EMD Required: $5,000

Property Details:
• Approx. 2,300 sq ft structure
• 4 Total Units (includes former doctor's office on main floor)
• Multifamily – 2 Stories
• Lot with redevelopment potential
• Located in a rapidly appreciating neighborhood

🧨Suggested Strategy: Flip | BRRRR | Redevelopment
🚩Vacant | Value-Add | Surrounded by Active Rehabs

Key Highlights:
• Minutes from Midtown & Wayne State University
• Heavy redevelopment in the area
• Ideal for multifamily rental or flip
• Former medical office conversion potential
• Strong value growth and high rental demand

🪽Comps Supporting ARV:
• 542 Holbrook St – Sold for $255,000 (01/02/25)
• 555 Hague St – Sold for $279,000 (04/01/25)
• 639 Belmont St – Sold for $350,000 (10/17/24)

📎More info, photos, and access details available upon request
📞Call/Text Audrey: (754) 757-2304

Resources:

• The listing price is based on our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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