Detroit, MI 48234 3749,18946 Beland Street
Detroit, MI 48234 3749,18946 Beland Street
Detroit, MI 48234 3749,18946 Beland Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
29
Jan
Fri
30
Jan
Sat
31
Jan
Catherine McMurray

Catherine McMurray

+1(586) 291-1492
$50,000
Est. payment /mo
2 Beds
1 Bath
906 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Pending

Purchase Type For Sale

Square Footage 906 sqft

Price per Sqft $55

Subdivision Flower Park

MLS Listing ID 60946677

Style 1 Story

Bedrooms 2

Full Baths 1

Abv Grd Liv Area 906

Year Built 1945

Annual Tax Amount $867

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 36X110.78

Property Sub-Type Single Family

Property Description

You found me, and you already know I'm about to strengthen your portfolio. I'm 18946 Beland Street, a solid brick 2 bedroom home with the kind of updates true investors like you love because they translate directly into fewer headaches and stronger returns. I come with newer luxury vinyl flooring, newer interior paint, an updated kitchen with newer cabinets, an updated bathroom, central air, a newer roof, a one car garage, a fully fenced backyard, a large covered porch, and a partially finished basement that gives you bonus usable space without extra capital expenditure. My layout is efficient, my systems are upgraded, and my curb appeal is your value add. Here's what you're about to make with me. Rental comps in my area support about $1,250 per month, giving you roughly $15,000 in annual gross income. On a $50K acquisition, that puts you at a 30 percent gross yield. Even after standard operating expenses, you are realistically looking at a net cash on cash return in the 20 to 25 percent range, depending on how you structure your purchase. I can easily qualify for Housing Choice Voucher programs like Section 8, giving you the option of consistent, reliable payments if you choose that lane. My location adds even more weight to the numbers. I sit in Detroit's Osborn area with quick access to major employment anchors like DTE Energy - Lynch Road Service Center, Coleman A. Young International Airport, Henry Ford Hospital, Detroit Medical Center, and Ascension St John Hospital. I'm also within reach of Brenda Scott Academy, Wayne State University, University of Detroit Mercy, and other institutions that help keep the tenant pool strong and steady. Retail, groceries, restaurants, parks, and transit are all close enough to boost desirability without adding cost. You've already run the math in your head. You know I check the boxes. Reach out to the listing agent and make it official, because you and I are about to perform exactly the way an investor hopes a property will

Location

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Partially Finished

Interior

Hot Water Gas

Heating Forced Air

Cooling Central A/C

Fireplaces Type LivRoom Fireplace, Natural Fireplace

Exterior

Parking Features Detached Garage

Garage Spaces 1.0

Garage Yes

Building

Story 1 Story

Foundation Basement

Water Public Water

Architectural Style Ranch

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash

Read Less Info
MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Pretty Home Realty

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 20
  • 7

    Hamtramck Academy

    Public | KG - 8

  • 7

    McKinley Elementary School

    Public | KG - 5

  • 6

    Oakland International Academy-Middle

    Public | 5 - 8

  • 5

    Dickinson East Elementary School

    Public | KG - 6

  • 5

    Bridge Academy - Elementary School

    Public | PK - 5

  • 5

    A. L. Holmes Academy of Blended Learning

    Public | PK - 8

  • 4

    Gee White Academy

    Public | PK - 8

  • 4

    Dove Academy of Detroit

    Public | KG - 8

  • 4

    A. L. Holmes Elementary-Middle School

    Public | PK - 8

  • 4

    Turning Point Academy

    Public | KG - 12

  • 4

    Ellington Conservatory of Music & Art

    Public | PK - 8

  • 3

    Legacy Charter Academy

    Public | KG - 8

  • 3

    Mound Park Elementary School

    Public | KG - 5

  • 3

    Oakland International Academy - Elementary School

    Public | 2 - 4

  • 3

    Lincoln Elementary School

    Public | KG - 5

  • 2

    Blackwell Institute

    Public | PK - 8

  • 2

    Pulaski Elementary-Middle School

    Public | PK - 8

  • 1

    Academy of International Studies

    Public | KG - 6

  • 1

    Academy of Warren

    Public | KG - 8

  • 0

    Oakland International Academy - K-1

    Public | KG - 1

Middle Schools 2
  • 4

    Lincoln Middle School

    Public | 6 - 8

  • 0

    Winans Academy Middle School

    Public | 6 - 8

High Schools 8
  • 2

    Lincoln High School

    Public | 9 - 12

  • 1

    Osborn High School

    Public | 9 - 12

  • 0

    Osborn Upper School of Global Communications and Culture

    Public | 10 - 12

  • 0

    Rising Stars Academy

    Public | 12 - 12

  • 0

    Winans Academy High School

    Public | 9 - 12

  • 0

    Osborn College Preparatory Academy

    Public | 9 - 9

  • 0

    Osborn Collegiate Academy of Mathematics, Science and Technology

    Public | 9 - 9

  • 0

    Osborn Evergreen Academy of Design and Alternative Energy

    Public | 9 - 9

School and business data provided by Attom Data.

GET MORE INFORMATION

Catherine McMurray

Catherine McMurray

+1(586) 291-1492

Agent | License ID: 6501395313

Agent License ID: 6501395313

Name

Phone*

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Keller Williams Platinum, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.