INVESTORS AND HOMEOWNERS - DON'T MISS THIS OPPORTUNITY! Solid 2-bedroom, 1-bath Detroit home offering approximately 700 sq. ft. of living space plus a full basement. Whether you're looking to add an income-producing property to your portfolio or an affordable home to make your own, this property offers flexibility, value and… Read More upside potential.For investors, a long-term tenant is currently in place and would like to remain, offering the opportunity for immediate rental income from day one. Area rental rates indicate potential for increased rental income, with approximately $1,250/month possible based on current market conditions; buyer to independently verify market rent and rental projections.Major mechanical improvements have already been addressed, including a newer HVAC/furnace system, while the roof is approximately 10 years old or less. The home is solid and functional, with primarily cosmetic updating offering an opportunity to further enhance value and long-term return.Not just for investors - owner-occupants can also take advantage of an affordable home with a full basement, brick and vinyl exterior, newer major mechanicals and the opportunity to personalize the property over time.ESTABLISHED TENANT. IMMEDIATE INCOME POTENTIAL. RENTAL UPSIDE. SOLID HOME. VALUE-ADD OPPORTUNITY. A versatile property with multiple paths for the next owner. Schedule your showing and take a closer look!Licensed real estate agent has an ownership interest in the selling LLC and a financial interest in the transaction Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of NERG Real Estate Experts, [email protected], (586) 983-8686.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Residential
Beds
2
Full Baths
1
Square Ft.
679
Lot Size
0.11 Acres
Year Built
1948
MLS Number
20261070194
30 Days Snapshot Of 48205
$48k
-24%
(avg) sold price
21
-12%
homes sold
74
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Daylight, Unfinished, Basement?: 1
Building
679 total square feet, 679 combined square feet, 672 total basement square feet, Built in 1948, Architectural style: Ranch, 1 Story, Aluminum
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Detached, 2 Car, Garage?: 1
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.11, Lot size dimensions: 40X116.6
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