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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Highland Park, MI
Fix & Flip
$ 219,900
ROI
35.4
Cash Flow/m
959- 7 Bed
- 1 Bath
- 1520 sft
190 W Grand, Highland Park, MI, 48203
$ 240,000
ROI
24.9Cash Flow/m
343- 4 Bed
- 2 Bath
- 2120 sft
257 Pilgrim St, Highland Park, MI, 48203
$ 165,900
ROI
20.8Cash Flow/m
47- 4 Bed
- 2 Bath
- 4564 sft
169 Pilgrim St, Highland Park, MI, 48203
Rental Income
$ 184,999
ROI
31.1Cash Flow/m
582- 4 Bed
- 3 Bath
- 2558 sft
47 Pilgrim St, Highland Park, MI, 48203
Why Invest in Highland Park, Michigan?
Investing in multi-family properties in Highland Park, MI offers promising returns amid urban revitalization efforts. With a rental yield around 7.4% and an average ROI near 9%, investors benefit from steady cash flows averaging $1,100 monthly per unit. Appreciation remains solid at approximately 3.8% yearly thanks to ongoing development. The high renter occupancy rate of 88% underscores consistent market demand, making multi-family investments a strategic choice here.
9%
Avg. ROI
7.4%
Rental Yield
6.5%
Cap Rate
$1100/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.8%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Highland Park for multi-family properties is approximately 7.4%, making it attractive for investors seeking steady income.
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