Prime Investment Opportunity in DetroitThis 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:… Read More 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.A;A;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.A;A;This property is a solid pick for both seasoned and new investors looking to build wealth in Detroit's thriving real estate market. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Arterra Luxe Collection LLC, [email protected], (248) 733-5893.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Square Ft.
904
Lot Size
0.1 Acres
Year Built
1942
MLS Number
81025041771
30 Days Snapshot Of 48205
$78k
+15%
(avg) sold price
23
-4%
homes sold
82
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement?: 1
Building
904 total square feet, 904 combined square feet, 674 total basement square feet, Built in 1942, Architectural style: Bungalow, 2 Story, Vinyl
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.10, Lot size dimensions: 37.00X123.00
Property
Property type: Residential
Taxes
Tax amount (summer): $1,013
Sewer
Public Sewer (Sewer-Sanitary)
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