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$90,000
Est. payment /mo
3 Beds
1 Bath
717 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 717 sqft
Price per Sqft $125
MLS Listing ID 70487740
Style 2 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 717
Year Built 1947
Annual Tax Amount $3,243
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 108X35
Property Sub-Type Single Family
Property Description
Turnkey Tenant-Occupied InvestmentSolid 3-bedroom, 1-bathroom bungalow with basement, located on a well-maintained block. Property is tenant-occupied with a long-term lease in place, providing immediate and reliable rental income.Current rent: $1,100/monthRent increases to $1,200/month starting 2026Lease secured through 2027Detached garage offers additional storage and utility spaceThis is a true hands-off investment opportunity with guaranteed income in place. Strong rental history and no vacancy risk make it an excellent addition to any portfolio.Investor Highlight: At the $93,000 asking price, this property delivers a cap rate of 14.2%.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Garage Spaces 2.0
Garage Yes
Building
Story 2 Story
Foundation Basement, Michigan Basement
Water Public Water
Structure Type Aluminum
Schools
School District Detroit City School District
Others
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Beal Properties LLC
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