DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Unfinished Basement type

DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Unfinished Basement type

Welcome to Drennan & Seldons LaSalle College Park, a charming subdivision nestled in the heart of Detroit City, Wayne County, Michigan. This vibrant community offers a unique blend of suburban tranquility and urban convenience, making it an ideal choice for families, professionals, and anyone looking to embrace the rich culture and history of Detroit.

One of the standout features of homes in Drennan & Seldons LaSalle College Park is the presence of unfinished basements. These versatile spaces provide homeowners with an incredible opportunity to customize and expand their living areas. Whether you envision a cozy family room, a home gym, or a creative workshop, the unfinished basement is a blank canvas waiting for your personal touch. The potential for additional storage, recreational space, or even an extra bedroom makes these homes even more appealing.

The neighborhood itself is characterized by tree-lined streets and friendly neighbors, creating a warm and welcoming atmosphere. Residents can enjoy nearby parks, schools, and local amenities, all while being just a short drive away from downtown Detroit's bustling entertainment and dining scene.

In Drennan & Seldons LaSalle College Park, you'll find a community that values both comfort and convenience. With homes featuring unfinished basements, you have the flexibility to design your space according to your lifestyle. Experience the charm of this Detroit gem and discover how Drennan & Seldons LaSalle College Park can be the perfect place to call home.

Newest DRENNAN & SELDONS LASALLE COLLEGE PARK Homes with Unfinished 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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