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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Hamtramck, MI
Listed for sale 7 days ago
$ 239,900
ROI
24.1
Cash Flow/m
292- 6 Bed
- 3 Bath
- 1500 sft
2433 Zinow St, Hamtramck, MI, 48212
Currently Rented
Rental Income
$ 165,000
ROI
33.7Cash Flow/m
638- 5 Bed
- 2 Bath
- 1465 sft
11369 Lumpkin St, Hamtramck, MI, 48212
$ 167,750
ROI
28.3Cash Flow/m
399- 10 Bed
- 3 Bath
- 1547 sft
2680 Carpenter St, Hamtramck, MI, 48212
Rental Income
$ 194,900
ROI
21.8Cash Flow/m
108- 5 Bed
- 2 Bath
- 3000 sft
5151 Yemans St, Hamtramck, MI, 48212
Why Invest in Hamtramck, Michigan?
Investing in multi-family properties in Hamtramck, MI offers access to a vibrant community within Detroit's metropolitan area. The average ROI of 7.3% and a rental yield near 8.5% make it attractive for income-focused investors. Cap rates hover around 6.8%, supporting steady cash flow with an average monthly rent of $900. An appreciation rate of approximately 3% indicates stable market growth. Additionally, renter occupancy remains high at 95%, underscoring demand in this niche market.
7.3%
Avg. ROI
8.5%
Rental Yield
6.8%
Cap Rate
$400/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for multi-family properties in Hamtramck is approximately 8.5%, reflecting strong rental demand in the area.
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