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$79,900
Est. payment /mo
3 Beds
1 Bath
858 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 858 sqft
Price per Sqft $93
Subdivision Grand River Suburban
MLS Listing ID 20251023502
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1942
Property Sub-Type SingleFamilyResidence
Property Description
FULLY TENANT-OCCUPIED SECTION?8 INVESTMENT PROPERTY RENTED AT $905/MONTH — BELOW MARKET VALUE — WITH A LONG-TERM TENANT OF OVER?8?YEARS. CURRENT RENT IS SIGNIFICANTLY BELOW AVERAGE FOR THE AREA AND CAN BE INCREASED TO THE CURRENT FAIR MARKET RENT OF $1,630/MONTH FOR A 3-BED WITH A 60-DAY NOTICE. LISTED AT $84,900, THIS PROPERTY OFFERS STABLE, GUARANTEED INCOME AND STRONG UPSIDE POTENTIAL. LOCATED IN A SOLID RENTAL POCKET OF WEST DETROIT, THIS 3-BEDROOM BUNGALOW IS PROFESSIONALLY MANAGED AND REQUIRES NO REHAB. RECENT UPGRADES INCLUDE A NEW ROOF, NEW MECHANICALS, AND OTHER MAJOR COMPONENTS, MAKING THIS A LOW-MAINTENANCE, TURNKEY ASSET.
WITH 20% DOWN AND STANDARD INVESTOR FINANCING, THIS IS A HIGH-YIELD OPPORTUNITY THAT DELIVERS CONSISTENT RETURNS. TAXES AND INSURANCE ARE AFFORDABLE, AND THE TENANT'S LONG HISTORY REDUCES TURNOVER RISK. IDEAL FOR LOCAL OR OUT-OF-STATE INVESTORS SEEKING RELIABLE CASH FLOW WITH MINIMAL HEADACHES. SHOWINGS ONLY AFTER ACCEPTED OFFER. DO NOT DISTURB TENANT. PROOF OF FUNDS OR PRE-APPROVAL REQUIRED.
WITH 20% DOWN AND STANDARD INVESTOR FINANCING, THIS IS A HIGH-YIELD OPPORTUNITY THAT DELIVERS CONSISTENT RETURNS. TAXES AND INSURANCE ARE AFFORDABLE, AND THE TENANT'S LONG HISTORY REDUCES TURNOVER RISK. IDEAL FOR LOCAL OR OUT-OF-STATE INVESTORS SEEKING RELIABLE CASH FLOW WITH MINIMAL HEADACHES. SHOWINGS ONLY AFTER ACCEPTED OFFER. DO NOT DISTURB TENANT. PROOF OF FUNDS OR PRE-APPROVAL REQUIRED.
Location
State MI
County Wayne
Area Area05034Detjoyschoolcraftgrnfldlimits
Rooms
Basement Unfinished
Interior
Heating ForcedAir, NaturalGas
Exterior
Parking Features TwoCarGarage, Detached
Garage Spaces 2.0
Pool None
View Y/N No
Garage true
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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©2025 Realcomp II Ltd. Shareholders
Listed by Yasir Abulaban of Own It Realty
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