UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 717 sqft
Price per Sqft $129
Municipality Detroit City
MLS Listing ID 25041087
Bedrooms 3
Full Baths 1
Year Built 1947
Annual Tax Amount $3,243
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 108X35
Property Sub-Type Single Family Residence
Source Michigan Regional Information Center (MichRIC)
Property Description
Solid 3-bedroom, 1-bathroom bungalow with basement, located on a well-maintained block. Property is tenant-occupied with a long-term lease in place, providing immediate and reliable rental income.
Current rent: $1,100/month
Rent increases to $1,200/month starting 2026
Lease secured through 2027
Detached garage offers additional storage and utility space
This is a true hands-off investment opportunity with guaranteed income in place. Strong rental history and no vacancy risk make it an excellent addition to any portfolio.
Investor Highlight: At the $93,000 asking price, this property delivers a cap rate of 14.2%.
Location
State MI
County Wayne
Area Wayne County - 100
Direction East of Southfield Freeway, west of Greenfield Rd. North of McNichols and South of 7 Mile.
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Fireplace false
Laundry In Basement
Exterior
Parking Features Garage Faces Front
Garage Spaces 2.0
View Y/N No
Garage Yes
Building
Story 2
Sewer Public
Water Public
Structure Type Aluminum Siding
New Construction No
Schools
School District Detroit
Others
Tax ID 22014818-9
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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