3 Beds
1 Bath
904 SqFt
3 Beds
1 Bath
904 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 904 sqft
Price per Sqft $49
Municipality Detroit City
MLS Listing ID 25041771
Bedrooms 3
Full Baths 1
Year Built 1942
Annual Tax Amount $1,013
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 37.00X123.00
Property Sub-Type Single Family Residence
Source Michigan Regional Information Center (MichRIC)
Property Description
This isn't just another property; it's a turnkey, cash-flowing asset ready to elevate your portfolio. Located on a peaceful residential street, this tenant-occupied home offers immediate, reliable income and is a smart addition for any investor looking for both stability and growth.
Key Investment Highlights:
Instant Cash Flow: Start generating income from day one. This property comes with a stable, long-term tenant already in place.
Proven Reliability: The current tenant has a remarkable 15-year history of on-time payments, providing a consistent and predictable income stream of $770/month.
Strategic Value-Add Potential: Beyond the immediate cash flow, there's significant upside. With some targeted improvements, you can increase the property's value and boost your returns over time.
Location, Location, Location: Situated in a high-demand rental area of Detroit, this home is poised for continued profitability and appreciation. The location offers easy access to public transit, making it convenient for tenants to get around the city.
This property is a solid pick for both seasoned and new investors looking to build wealth in Detroit's thriving real estate market. With some targeted improvements, you can increase the property's value and boost your returns over time.
Location, Location, Location: Situated in a high-demand rental area of Detroit, this home is poised for continued profitability and appreciation. The location offers easy access to public transit, making it convenient for tenants to get around the city.
This property is a solid pick for both seasoned and new investors looking to build wealth in Detroit's thriving real estate market.
Location
State MI
County Wayne
Area Wayne County - 100
Direction off 8 mile
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace false
Laundry In Basement
Exterior
View Y/N No
Roof Type Asphalt
Garage No
Building
Story 2
Sewer Public
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
School District Detroit
Others
Tax ID 21025145.
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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