Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
6
Photos
3
beds
1
bath
1,020
sqft
Built in
1948
Attention investors! Take a look at this fully performing section 8 rental. This property is located on a great street right off of 8 Mile on Detroit's Eastside. The current rent is $1107 and the lease is still in place until November of 2024. This property needs nothing. You can just buy it and start collecting rent right away. If you are looking for an asset to deliver passive income, as well as appreciation; you have found the right property! Let's make a deal....Please no showings without an accepted offer. Do not disturb the tenant.
Features & Amenities
Interior
- Basement:
- Unfinished
- Heating:
- Natural Gas, Forced Air
Exterior
- General:
- Brick
- Style:
- Bungalow
Construction
- General:
- 1 1/2 Story, Basement
Location
- Road/Access:
- Paved Street
- Originating MLS:
- RealComp
- School District:
- Detroit City School District
- County:
- Wayne
Lot
- Zoning:
- E GALLAGHER N 10 FT 365 S 30 FT 366 MELIN SUB L59 P70 PLATS, W C R 13/327 40 X 99.93, W13I023236S
Utilities
- Water:
- Community
- Sewer:
- Public At Street
Financial
- Source:
- RealComp
This listing courtesy of:
Clyde Realty LLC, David Rabior
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Detroit, MI
Housing
- Number of Units
- 292,561
- Median Home Value
- $70,234
- Median Rent
- $679
53.65% of housing units are renter occupied.
18.25% are vacant.
Commute
- Car
-
71.17%
- Public Transportation
-
5.99%
- Walk to Work
-
3.15%
- Work from Home
-
17.73%
- Other
-
1.42%
The median travel time to work is 23 minutes.
People
- Population
- 593,210
- Median Age
- 36.40
- Median Household Size
- 2.38
Education
- High School
-
33.32%
- Associate’s Degree
-
7.33%
- Bachelor’s Degree
-
9.43%
- Graduate Degree
-
6.96%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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