16514 Burt Road, Detroit, MI 48219
16514 Burt Road, Detroit, MI 48219
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Cheryl Bouman Zablow

Cheryl Bouman Zablow

+1(269) 557-0932
$ 85,000
Est. payment | /mo

3 Beds

1 Bath

858 SqFt

Save
$ 85,000
Est. payment | /mo
Save

3 Beds

1 Bath

858 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 858 sqft

Price per Sqft $99

MLS Listing ID 20261062084

Bedrooms 3

Full Baths 1

Year Built 1942

Annual Tax Amount $1,309

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50X117.59

Property Sub-Type Single Family Residence

Source Realcomp

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.

Location

State MI

County Wayne

Direction South of Grand River, East of Lahser

Interior

Heating Forced Air

Exterior

Parking Features Detached

Garage Spaces 2.0

View Y/N No

Garage Yes

Building

Story 2

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID 22107728

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Own It Realty

Nearby Locations

Cheryl Bouman Zablow

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 557-0932

[email protected]

250 Monroe NW Suite 400, Grand Rapids, MI, 49503

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16514 Burt Road