Solid income-producing Detroit brick home--an excellent turnkey investment with a DSCR well above 1.20. This well-maintained property offers a functional layout, durable construction, and recent major mechanical upgrades, making it a strong addition to any rental portfolio.The property is tenant-occupied, generating $1,050/month in cash rent, providing immediate income from day… Read More one. Recent updates include a brand-new furnace and brand-new hot water tank, significantly reducing near-term capital expenses.Located on a spacious lot in a stable neighborhood with close proximity to schools, shopping, and major roadways, this property benefits from consistent rental demand.Highlights:Tenant-occupied \ $1,050/month cash rentDSCR above 1.20Brand-new furnaceBrand-new hot water tankSolid brick constructionTurnkey, low-maintenance investmentNo showings without an accepted offer.Ideal for investors seeking reliable cash flow Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Detroit Metro Realty, [email protected], (313) 488-5585.
Listing Snapshot
Days Online
11
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Square Ft.
1,064
Lot Size
0.11 Acres
Year Built
1930
MLS Number
81026002091
30 Days Snapshot Of 48234
$62k
-11%
(avg) sold price
17
-15%
homes sold
109
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved, Pub. Sidewalk
Basement
Basement?: 1
Building
1,064 total square feet, 1,064 combined square feet, 709 total basement square feet, Built in 1930, Architectural style: Bungalow, 2 Story, Brick, Vinyl
Exterior Features
Fenced
Foundation
Basement
Garage
Garage?: 0
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.11, Lot size dimensions: 46 x 117 x 46 x 118
Property
Property type: Residential
Taxes
Tax amount (summer): $1,939
Sewer
Sewer (Sewer-Sanitary)
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