428 East Street

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428 East Street

Rochester, MI 48307
Asking Price
$990K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Rochester, Michigan.
  • The property consists of three individual residential units.
  • Current asking price for the asset is 990000 dollars.
  • Located at 428 East Street within the 48307 area.
  • Stable investment option for residential rental income portfolios.

What's Special

This three-unit multifamily apartment building at 428 East Street in Rochester, Michigan, serves as a prime candidate for investors seeking a stabilized residential asset in a growing suburban market. Situated within the 48307 ZIP code, the property provides proximity to local amenities and regional transit routes, making it an attractive option for residents who prioritize accessibility in the metro Detroit area. The Rochester market remains a stable environment for rental demand, bolstered by a steady local economy and established community infrastructure. Prospective buyers can leverage this income-generating asset to diversify their portfolio with a manageable residential configuration. Given the structure of the units, the property is well-suited for long-term rental income strategies or as a value-add holding within a broader residential real estate investment plan.

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NOI
$80,000
Cap Rate
8.08%
DSCR
1.36
Strong
Cash-on-Cash
7.15%
Monthly Payment
$4,897.98
Annual Cash Flow
$21,224.242

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