Map
Listed price in listed location currency (USD).
$85,000

312

MLS® 20261062084

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 858 sqft
Garage Yes
Taxes $1,309
Days Active 18
Lot Size 0.14 Acres
Approx. Age 1942
Avg. Price Per Sqft $99
MLS® Number 20261062084

Property Address: 16514 Burt Rd, Detroit, MI, 48219-3945

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261062084
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1942
BasementUnfinished
DrivewayTwo Car Garage, Detached
Garage Spaces
HeatForced Air, Natural Gas
A/C

Extras

Home Estimate Zoopraisal®

This property is estimated to sell between: $85,000 and $112,000.
Similar properties in this area sold on average for: $102,909
Expected to sell in 46 days. Similar properties sold in 64 days. This home has been on Zoocasa for 18 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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