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Detroit,MI 48204
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,357 sqft
Price per Sqft $65
Subdivision Greenfield Park
MLS Listing ID 20251040564
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1921
Lot Size 3,920 Sqft
Property Sub-Type SingleFamilyResidence
Property Description
This Detroit investment property is a solid opportunity for cash flow investors. Featuring 3 bedrooms, 1 bathroom, and 1,300 sq. ft. of living space, the home is already tenant-occupied through Section 8 at $1,224 per month. With an asking price of $89,000, this equates to an attractive ~16.5% gross ROI, making it a strong addition to any rental portfolio. The home offers a practical layout with spacious bedrooms and common areas, and it sits in a stable Detroit neighborhood with access to schools, parks, and major roadways. Reliable rental income is already in place, providing immediate returns from day one.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Interior
Heating ForcedAir, NaturalGas
Exterior
Parking Features OneCarGarage,Detached
Garage Spaces 1.0
Pool None
View Y/N No
Building
Foundation Basement, Block
Sewer PublicSewer, SewerAtStreet
Water Public, WateratStreet
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard