20495 CONCORD Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48234
Key Details
Property Type Single Family Home
Sub Type Bungalow
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $35
Subdivision Cummiskeys Outer Blvd Sub
MLS Listing ID 20240077139
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1944
Annual Tax Amount $787
Lot Size 4,356 Sqft
Property Description
Great Investment Opportunity ? Subject to Existing Mortgage! This charming 3-bedroom, 1-bath home is an excellent investment opportunity, with potential cash flow ranging from $500 to $700 per month. The property is subject to the existing mortgage, offering a unique financing option for buyers. Key highlights include a 5-year-old roof, a 10-year-old furnace in great condition, and a fully functional hot water system. The electrical and plumbing have been updated, and the home has no structural issues. The basement offers extra storage or the possibility for future upgrades.
Located in Detroit?s historic Conant Gardens neighborhood on the city's east side, this area is known for its close-knit community and rich history. It?s also close to local parks, schools, and shopping centers, making it a highly desirable location for residents.
With only minor cosmetic updates needed, the home can be easily customized or kept tenant-occupied. The current tenant, paying $600 per month (below market rate), is open to staying or relocating as needed. This property is perfect for investors seeking reliable rental income or first-time buyers looking to build equity. Don?t miss this chance to own a cash-flowing property! Price already includes existing mortgage balance.
FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs,
including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price.
Location
State MI
County Wayne
Area Det 6-8 Dequindre To Conner
Interior
Hot Water Natural Gas
Heating Forced Air
Laundry 1
Exterior
Exterior Feature Lighting
Garage 2+ Assigned Spaces
Garage Description No Garage
Pool No
Waterfront no
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Detroit
Others
Assessment Amount $240
Acceptable Financing Cash
Listing Terms Cash