Off-Market Condo: 03 at 8200 E Jefferson Ave, Detroit, MI 48214
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8200 E Jefferson Ave, Detroit, MI 48214

- #1403

$175,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $124 per day and long-term for an average of $1,700 per month, based on similar listings in the area. Estimated short-term cap rate of 0.4%. Estimated long-term cap rate of -1.9%. Welcome home to this gorgeous 2 bed/2 bath condo located in the heart of the city. Step inside this 14th floor Shoreline East unit to find gorgeous hardwood floors. The main living area is quite spacious, with plenty of natural light! The eat-in area leads into the kitchen, which features lovely updates, including a neutral color palette, a subway tile backsplash, and stainless steel appliances. Not to mention, there is a wonderful view! The bedrooms are quite large, especially the primary suite which features a private restroom and large closet! By purchasing this unit, you will gain access to the penthouse community room, a terrace that features views of Belle Isle and the Detroit River. Please note that the monthly association fee includes water, heat, building maintenance, on-site management, a 24 hour gatehouse attendant, and best of all, resident, valet and guest parking. Schedule your showing today; this one is priced to sell and will not last long. BTVAI

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$792
Rental Policy
daily
Yearly Taxes
$3070
Bedrooms
2
Bathrooms
2
SQFT
1,142
Furnished
N/A
Year built
1966
Listing Status
Off Market
MLS
20240079023

Short-term Rental Potential
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$24,444

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$153

Price/SQFT

Long-term Rental Potential
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$20,400

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,700/mo

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