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Detroit,MI 48204
Key Details
Property Type Single Family Home
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 1,357 sqft
Price per Sqft $65
Subdivision Greenfield Park
MLS Listing ID 20251040564
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1921
Annual Tax Amount $1,580
Lot Size 3,920 Sqft
Property Sub-Type Colonial
Property Description
This Detroit investment property is a solid opportunity for cash flow investors. Featuring 3 bedrooms, 1 bathroom, and 1,300 sq. ft. of living space, the home is already tenant-occupied through Section 8 at $1,224 per month. With an asking price of $89,000, this equates to an attractive ~16.5% gross ROI, making it a strong addition to any rental portfolio. The home offers a practical layout with spacious bedrooms and common areas, and it sits in a stable Detroit neighborhood with access to schools, parks, and major roadways. Reliable rental income is already in place, providing immediate returns from day one.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Description 1 Car
Building
Foundation Basement
Sewer Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal),Water at Street
Structure Type Wood
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional,Warranty Deed
Listing Terms Cash,Conventional,Warranty Deed