DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Full Basement type

DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Full Basement type

Welcome to Drennan & Seldons LaSalle College Park, a charming subdivision nestled in the vibrant heart of Detroit City, Wayne County, Michigan. This delightful community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and retirees alike.

One of the standout features of homes in Drennan & Seldons LaSalle College Park is the availability of properties with full basements. These spacious basements provide endless possibilities for customization, whether you envision a cozy family room, a home gym, or a dedicated workspace. The generous square footage allows for creative freedom, making it easy to transform these areas into your dream retreat.

The homes in this subdivision are characterized by their classic architecture and inviting curb appeal, creating a warm and welcoming atmosphere. Tree-lined streets and well-maintained yards contribute to the community's charm, while a strong sense of neighborly camaraderie enhances the living experience. Residents enjoy easy access to local parks, schools, and shopping centers, ensuring that all your daily needs are within reach.

Drennan & Seldons LaSalle College Park is not just a place to live; it's a community where you can create lasting memories. With its prime location in Detroit City, you’ll also have the opportunity to explore the rich cultural heritage, diverse dining options, and vibrant entertainment scene that the city has to offer.

Discover the comfort and convenience of Drennan & Seldons LaSalle College Park – your perfect home awaits!

Newest DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Full Basement type

$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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