DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Bungalow Style

DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Bungalow Style

Welcome to Drennan & Seldon's LaSalle College Park, a charming subdivision nestled in the heart of Detroit City, Wayne County, Michigan. This delightful community is a hidden gem, offering a perfect blend of suburban tranquility and urban convenience. Known for its picturesque streets and friendly neighbors, LaSalle College Park is a wonderful place to call home.

One of the standout features of this subdivision is its enchanting bungalow-style homes. These classic residences, characterized by their low-slung roofs, wide porches, and inviting layouts, exude a warm and welcoming charm that appeals to families, young professionals, and retirees alike. With their efficient use of space and cozy interiors, bungalow homes in LaSalle College Park provide an ideal setting for both relaxation and entertaining.

Living in Drennan & Seldon's LaSalle College Park means enjoying easy access to a variety of amenities. Residents can take advantage of nearby parks, local shops, and restaurants that showcase the vibrant culture of Detroit. The community is also well-connected to major highways and public transportation, making it easy to explore all that the city has to offer.

Whether you're looking for a serene place to raise a family or a vibrant community to start your next chapter, Drennan & Seldon's LaSalle College Park offers the perfect backdrop for your dreams. Discover the beauty of bungalow living in this charming neighborhood and become part of a community that truly feels like home. Come and experience the warmth and character of LaSalle College Park today!

Newest DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Bungalow Style

$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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