DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with None Garage description

DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with None Garage description

Welcome to Drennan & Seldons in the vibrant neighborhood of LaSalle College Park, located in the heart of Detroit, Michigan. This charming subdivision is a hidden gem, offering a unique blend of community spirit and urban convenience. With its tree-lined streets and friendly neighbors, Drennan & Seldons is the perfect place for families, young professionals, and anyone looking to embrace the rich culture and history that Detroit has to offer.

The homes in this area are characterized by their distinctive architectural styles, showcasing the charm of the early 20th century. Many of the residences feature none-garage designs, allowing for spacious yards, lush gardens, and outdoor living spaces that invite gatherings and create a warm, welcoming atmosphere. These homes are perfect for those who appreciate the beauty of nature and enjoy spending time outdoors, whether it's hosting barbecues or simply relaxing in the sun.

Living in Drennan & Seldons means you are just minutes away from the vibrant energy of downtown Detroit, where you can explore a variety of dining, shopping, and entertainment options. The nearby parks and recreational facilities provide ample opportunities for outdoor activities, making it easy to stay active and engaged with the community.

As you consider your next home, Drennan & Seldons in LaSalle College Park offers an inviting lifestyle, rich in character and community connection. Discover the charm of this delightful neighborhood, where your dream home awaits!

Newest DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with None Garage description

$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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