$84,900 for Sale
16514 burt road, detroit, MI 48219
| Beds 3 | Baths 1 | 858 Sqft | 0.14 Acres |
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Property Description
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.
General Information
Sale Price: $84,900
Price/SqFt: $99
Status: Active
MLS#: rcomi60924417
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: grand river suburban
Acres: 0.14
Lot Dimensions: 50X117.59
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 858 sq.ft.
Acreage: 0.14 est.
Year Built: 1942
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 11x12
Bedroom 2 : 11x11
Bedroom 3: 12x12
Bedroom 4:
Family Room:
Greatroom:
Dinning Room: 7x10
Kitchen: 12x12
Livingroom: 11x15
Pole Buildings:
Paved Road: Paved Street
Garage: 2
Garage Description: Detached Garage
Exterior: Brick
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sanitary
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $1,176
Est. Winter Taxes: $133
HOA fees:
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Listing By: Yasir Abulaban of Own It Realty, Phone: 313-395-0000
