$164,900 for Sale
18024 fenmore street, detroit, MI 48235
| Beds 3 | Baths 2 | 1,365 Sqft | 0.10 Acres |
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Property Description
SECTION 8 RENTAL - TENANT PAYING $1,600/MONTH! MAJOR UPDATES INCLUDE NEWER ROOF, MECHANICALS, AND ELECTRICAL SYSTEMS. PRICED AT $174,900, THIS TURNKEY PROPERTY OFFERS STRONG, GUARANTEED CASH FLOW FROM DAY ONE. WITH STANDARD INVESTOR FINANCING, THIS ASSET DELIVERS A DOUBLE-DIGIT CASH-ON-CASH RETURN - RARE FOR DETROIT AT THIS QUALITY LEVEL. ARV IS $200K–$220K, GIVING BUY-AND-HOLD INVESTORS A PERFECT EXIT STRATEGY AFTER YEARS OF RENT COLLECTION. PROPERTY IS LOCATED IN A SOLID, HIGH-DEMAND RENTAL POCKET. LOW MAINTENANCE. LONG-TERM UPSIDE. SHOWINGS ONLY AFTER ACCEPTED OFFER - DO NOT DISTURB TENANT.
General Information
Sale Price: $164,900
Price/SqFt: $121
Status: Active
MLS#: rcomi60924493
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: southlawn curtis park sub
Acres: 0.1
Lot Dimensions: 40X113
Bedrooms:3
Bathrooms:2 (1 full, 1 half)
House Size: 1,365 sq.ft.
Acreage: 0.1 est.
Year Built: 1947
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1: 12x14
Bedroom 2 : 11x12
Bedroom 3: 11x10
Bedroom 4:
Family Room:
Greatroom:
Dinning Room: 12x15
Kitchen: 12x12
Livingroom: 14x18
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: $1,503
Est. Winter Taxes: $931
HOA fees:
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Listing By: Yasir Abulaban of Own It Realty, Phone: 313-395-0000
