DRENNAN & SELDONS LASALLE COLLEGE PARK Real Estate

DRENNAN & SELDONS LASALLE COLLEGE PARK Real Estate

Welcome to Drennan & Seldons Lasalle College Park, a vibrant subdivision nestled in the heart of Detroit City, Michigan. This charming community is not just a place to live; it's a lifestyle filled with opportunities and a rich sense of belonging.

Drennan & Seldons Lasalle College Park is renowned for its picturesque tree-lined streets and well-maintained properties, making it an ideal choice for families, professionals, and retirees alike. The subdivision boasts a diverse mix of architectural styles, each home reflecting the character and warmth of the neighborhood. Residents enjoy spacious yards, perfect for outdoor gatherings and play, while the friendly atmosphere fosters a strong sense of community.

Located conveniently near major thoroughfares, Drennan & Seldons Lasalle College Park offers easy access to the bustling downtown Detroit area, where you'll find an array of dining, shopping, and entertainment options. For those who appreciate nature, nearby parks provide ample opportunities for recreation, from leisurely strolls to energetic sports activities.

Education is a priority in this community, with several reputable schools and colleges nearby, including the esteemed Lasalle College. Families can rest assured knowing their children have access to quality education just a stone's throw away.

Whether you’re looking to buy your first home, downsize, or invest in a rental property, Drennan & Seldons Lasalle College Park presents a unique blend of comfort, convenience, and community spirit. Discover your new home in this delightful subdivision and experience the best of Detroit living!

Newest Listings in DRENNAN & SELDONS LASALLE COLLEGE PARK

$85,000
3 Beds 2 Baths 20261036809 MLS
Here's a cash-flowing tenant occupied brick rental with strong fundamentals already in place. Priced at $85,000 and currently rented at $1,448/month until June 2027, this 3-bedroom, 2-bath single-family home offers investors immediate income and attractive rent-to-price performance. From an investor standpoint, the numbers are strong. At the current rent, the property produces $17,376/year in gross rental income, which equals approximately a 20.4% gross rent-to-price return. For DSCR-focused buyers, the rental income gives this property attractive coverage potential. Based on an estimated 75% LTV loan, the current rent produces a strong estimated DSCR before taxes and insurance, and the scheduled rent increase improves that position even further. Final DSCR will depend on lender rate, taxes, insurance, and underwriting guidelines. The home also offers several ownership advantages investors look for. Brick construction, a good roof, a new furnace in 2024, and a new hot water heater in 2024 help reduce near-term capital concerns. The 1,603 sq ft layout includes 3 bedrooms, 2 full baths, a fireplace, and newer windows, giving tenants the comfort and functionality that support long-term occupancy. This is the kind of asset investors want in a buy-and-hold portfolio: already rented, solid monthly income, durable brick construction, and recent mechanical updates. Please do not disturb the tenants. Contact us for details and showing instructions.

11437 Kenmoor St, Detroit

Courtesy of Keller Williams First 8105151503

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