Global Real Estate Advisors are pleased to present the exclusive offering of 9901 Wyoming, a stabilized, 17-unit multifamily property in Detroit. 9901 Wyoming Street consists of fifteen one-bedroom units and two studio units, with each unit including a refrigerator, stove, A/C unit, and a balcony or patio. This turn-key investment property was built in 1960 and since has been renovated over the past few years, including a new boiler system, new hot water tank, updated plumbing and heating lines, a new laundry and storage room. Approximately 75% of the units have been upgraded as well, allowing a new owner to complete renovations on the remaining apartments and improve revenue. As of the end of January 2024, the property has only two vacancies, with an average rent of about $795. The deal comes with substantial rental upside, as just about half of the tenants are well-below market rents. There is also operational income potential by implementing a utility reimbursement program. 9901 Wyoming Street attracts and retains tenants thanks to its fantastic location within Detroit’s vibrant Mackenzie neighborhood. The area is bounded to the East by Interstate 96, providing effortless connections to the world-class amenities and entertainment of Downtown Detroit. The area also provides convenient access to local schools, daycare facilities, grocery stores, fast food, religious institutions, and many businesses and economic drivers. This performing investment at 9901 Wyoming Avenue provides an income-producing apartment complex with renovation upside and plenty of room to expand in a growing residential market. https://grea.com/properties/wyoming-street/