Century 21 AAA North-Macomb
Ahmed Arafa, Century 21 AAA North-MacombPhone: (586) 215-1208
Email: [email protected]
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listing
1 of 61
Commercial
$1,490,000
11512 Republic
Warren, MI 48089 3996
Courtesy of Real Estate One-Troy
MLS: Realcomp II Ltd.
Est. Mortgage
$7,791/mo

This offering is for a 6 unit portfolio of 5 fully furnished short-term rental units and 1 long-term rental unit (Unit #4). These 6 units are spread between 3 neighboring duplexes. The addresses are 11494 Republic, 11504 Republic, and 11512 Republic. All 6 units have an identical floorplan, with 3 bedrooms and 1.5 baths. The interiors of all 6 units have been completely remodeled. New appliances, flooring, fixtures, and finishes throughout. The backyards are fully fenced with new professionally-installed gates and chain link fencing. The online rental listings are top-rated and reviewed with a 'Superhost' status. The vast majority of day-to-day operations are automated through software. Sellers are willing to include a consultation package with property sale to ensure a smooth transition of ownership. The average (taken from last six months) monthly income per short-term rental is $3,677.07. The single long-term unit is rented for $1525/month. There is significant potential to convert the long-term rental to a short-term rental next year. There is potential to increase nightly rates by further remodeling basements. Financial documents are available upon request. Owner is a licensed realtor.

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