DRENNAN & SELDONS LASALLE COLLEGE PARK Homes for Sale

DRENNAN & SELDONS LASALLE COLLEGE PARK Homes for Sale

Welcome to Drennan & Seldon's LaSalle College Park, a hidden gem nestled in the heart of Detroit City, Wayne County, Michigan. This charming subdivision offers a unique blend of suburban tranquility and urban convenience, making it an ideal choice for families, professionals, and retirees alike.

Drennan & Seldon's LaSalle College Park is characterized by its tree-lined streets, well-maintained sidewalks, and a strong sense of community. The neighborhood boasts a diverse array of homes, each with its own distinctive character. From cozy bungalows to spacious two-story residences, there’s something for everyone here. Whether you’re a first-time homebuyer or looking to upgrade, the homes for sale in this area are both inviting and affordable, providing excellent value in today’s market.

Living in LaSalle College Park means enjoying easy access to a wealth of amenities. Residents can take advantage of nearby parks, recreation centers, and local shops, all within a short distance. The community is also well-connected to major highways, making commutes to downtown Detroit and surrounding areas a breeze.

In addition to its prime location, the neighborhood is known for its friendly atmosphere and active community involvement. Regular events and gatherings foster connections among neighbors, creating a welcoming environment for all.

Explore the homes for sale in Drennan & Seldon's LaSalle College Park today and discover the perfect place to call home in this vibrant Detroit community. Your dream home awaits!

Newest DRENNAN & SELDONS LASALLE COLLEGE PARK Homes for Sale

$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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