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$79,900
3 Beds 1 Baths 20261062084 MLS ACTIVE Status
FULLY TENANT-OCCUPIED SECTION-8 INVESTMENT PROPERTY RENTED AT $905/MONTH — BELOW MARKET VALUE — WITH A LONG-TERM TENANT OF OVER?8?YEARS. CURRENT RENT IS SIGNIFICANTLY BELOW AVERAGE FOR THE AREA AND CAN BE INCREASED TO THE CURRENT FAIR MARKET RENT OF $1,630/MONTH FOR A 3-BED WITH A 60-DAY NOTICE. LISTED AT $84,900, THIS PROPERTY OFFERS STABLE, GUARANTEED INCOME AND STRONG UPSIDE POTENTIAL. LOCATED IN A SOLID RENTAL POCKET OF WEST DETROIT, THIS 3-BEDROOM BUNGALOW IS PROFESSIONALLY MANAGED AND REQUIRES NO REHAB. RECENT UPGRADES INCLUDE A NEW ROOF, NEW MECHANICALS, AND OTHER MAJOR COMPONENTS, MAKING THIS A LOW-MAINTENANCE, TURNKEY ASSET. WITH 20% DOWN AND STANDARD INVESTOR FINANCING, THIS IS A HIGH-YIELD OPPORTUNITY THAT DELIVERS CONSISTENT RETURNS. TAXES AND INSURANCE ARE AFFORDABLE, AND THE TENANT’S LONG HISTORY REDUCES TURNOVER RISK. IDEAL FOR LOCAL OR OUT-OF-STATE INVESTORS SEEKING RELIABLE CASH FLOW WITH MINIMAL HEADACHES. SHOWINGS ONLY AFTER ACCEPTED OFFER. DO NOT DISTURB TENANT. PROOF OF FUNDS OR PRE-APPROVAL REQUIRED.

16514 Burt Rd, Detroit

Courtesy of Own It Realty 3133950000

$80,000
3 Beds 1 Baths 20261038297 MLS ACTIVE Status
*****RARE GEM IN OLD REDFORD/ROSEDALE PARK AREA***** You won't find a better property to add to your portfolio. Perfect for a first time investor or first time home buyer- you're getting into a spacious and quaint property with good bones. Classic 2+1 Detroit brick bungalow. Personal effects not included. Spacious backyard to add a shed or put in patio equipment to add value for your tenants. Property sold AS-IS. The neighborhood has all the essentials nearby with Meijer right around the corner and close to major thoroughfares- Southfield Fwy (M-39), Grand River Av (M-5), Telegraph (US-24), W Outer Drive, and even the Lodge Fwy (M-10) is close by. Close to DMC- Sinai Grace Hospital and Renaissance High School. Bring in your best offer before it's too late!

16574 Westbrook St, Detroit

Courtesy of SimpliHom 2483989200