$124,900 for Sale
9327 cloverlawn street, detroit, MI 48204
| Beds 4 | Baths 3 | 1,044 Sqft | 0.11 Acres |
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Property Description
Investor Special: 10%+ Cap Rate, Tenant in Place, Immediate Cash Flow Solid cash-flowing asset in Detroit's resurging West Side. This spacious 1,750 sq ft bungalow is currently bringing in $1,675/month in rent, with a long-term tenant on a month-to-month lease who prefers to stay. That means income from day one, with flexibility to reposition or raise rents over time. 10% Cap Rate gives a strong return on your investment! Key investor highlights: 4 bed / 2.5 bath layout ideal for long-term rental demand Tenant pays utilities, minimizing owner expenses Month-to-month lease = flexibility without vacancy risk Room to improve cash flow with minor updates or rental increases Proximity to Joe Louis Greenway adds long-term value The home itself offers character and charm with functional updates: A private en-suite primary upstairs, three main floor bedrooms (one with its own private entrance), a finished basement, large backyard, and a detached garage round out this turn-key package. **Homes with this square footage, location, and income potential rarely come at this price. Do not disturb tenant. Showings after accepted offer. BTVAI.
General Information
Sale Price: $124,900
Price/SqFt: $120
Status: Active
MLS#: rcomi60920562
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: m-p-c mayflower (plats)
Acres: 0.11
Lot Dimensions: 40.00 x 123.00
Bedrooms:4
Bathrooms:3 (2 full, 1 half)
House Size: 1,044 sq.ft.
Acreage: 0.11 est.
Year Built: 1945
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 10x10
Bedroom 2 : 8x9
Bedroom 3: 16x14
Bedroom 4: 16x14
Family Room:
Greatroom:
Dinning Room:
Kitchen: 9x6
Livingroom:
Pole Buildings:
Paved Road: Paved Street
Garage: 1
Garage Description: Detached Garage
Exterior: Brick
Basement: Yes
Basement Description: Finished
Foundation : Basement
Heating: Hot Water
Fuel: Natural Gas
Waste: Public Sanitary
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $1,439
Est. Winter Taxes: $142
HOA fees:
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Listing By: Tenasia Hatch of Irongate Realty Group, Phone: 248-971-1222
