UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,844 sqft
Price per Sqft $67
Subdivision M-P-C Mayflower (Plats)
MLS Listing ID 20251019379
Style Bungalow
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1945
Property Sub-Type SingleFamilyResidence
Property Description
Solid cash-flowing asset in Detroit's resurging West Side. This spacious 1,750 sq ft bungalow is currently bringing in $1,675/month in rent, with a long-term tenant on a month-to-month lease who prefers to stay. That means income from day one, with flexibility to reposition or raise rents over time. 10% Cap Rate gives a strong return on your investment!
Key investor highlights:
4 bed / 2.5 bath layout ideal for long-term rental demand
Tenant pays utilities, minimizing owner expenses
Month-to-month lease = flexibility without vacancy risk
Room to improve cash flow with minor updates or rental increases
Proximity to Joe Louis Greenway adds long-term value
The home itself offers character and charm with functional updates:
A private en-suite primary upstairs, three main floor bedrooms (one with its own private entrance), a finished basement, large backyard, and a detached garage round out this turn-key package.
**Homes with this square footage, location, and income potential rarely come at this price.
Do not disturb tenant. Showings after accepted offer. BTVAI.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Rooms
Basement Finished
Interior
Heating HotWater, NaturalGas
Exterior
Parking Features OneCarGarage, Detached, Driveway
Garage Spaces 1.0
Pool None
View Y/N No
Garage true
Building
Foundation Basement, BrickMortar
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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