3031 Lawrence Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Single Family Home
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 1,964 sqft
Price per Sqft $89
Subdivision J W Lathrups Lawrence & Collingwood Aves
MLS Listing ID 20251023585
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1923
Annual Tax Amount $1,717
Lot Size 4,356 Sqft
Property Sub-Type Colonial
Property Description
SECTION 8 TENANT PAYING $1,424/MONTH! THIS DETROIT BRICK HOME HAS BEEN SIGNIFICANTLY UPDATED — INCLUDING NEWER ROOF, MECHANICALS, PLUMBING, AND ELECTRICAL. PRICED AT $184,900 WITH AN ARV OF $260K+, THIS PROPERTY IS A PRIME BUY-AND-HOLD PLAY WITH HIGH FLIP POTENTIAL. WITH STANDARD INVESTOR FINANCING, IT DELIVERS A DOUBLE-DIGIT CASH-ON-CASH RETURN WHILE BUILDING EQUITY OVER TIME. ENJOY GUARANTEED RENTAL INCOME TODAY AND A HIGH-RETURN EXIT STRATEGY TOMORROW. LOCATED IN A STABLE, HIGH-DEMAND RENTAL POCKET. PROFESSIONALLY MANAGED. LOW MAINTENANCE. HIGH UPSIDE. SHOWINGS ONLY AFTER ACCEPTED OFFER — DO NOT DISTURB TENANT.
Location
State MI
County Wayne
Area Det - 6 To 8, Grnfld To Limits
Interior
Heating Forced Air
Exterior
Garage Description No Garage
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional