DRVN Investing presents a stabilized 7-unit multifamily property located in Jackson, MI, currently generating $950/month per unit through guaranteed Section 8 rents. This investment offers reliable cash flow with minimal vacancy risk, making it ideal for investors seeking passive income backed by government contracts.
All units are currently occupied, and rents are direct-deposited monthly. Operating expenses fluctuate seasonally, but overall NOI remains strong, supporting a 12%+ cap rate based on current performance.
The property has been well maintained, and while tenants cannot be disturbed prior to an accepted offer, full financials, leases, and walkthrough access will be provided during due diligence. We are requiring a $3,000 earnest money deposit, and buyers should be prepared to close within the agreed-upon period.
This is a clean, high-yield investment opportunity with long-term upside. Don't miss your chance to add a cash-flowing asset to your portfolio in a growing rental market.
3 Bedrooms | 2 Baths | 1,380 ft
2 Bedrooms | 2 Baths | 1,709 ft