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15
Photos
20490 HANNA Street, Highland Park, MI 48203
$58,900 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
1,276
sqft
Built in
1947
Long-Term Tenant Investment Opportunity – Detroit Brick Bungalow An incredible investment opportunity awaits at 20490 Hanna St! This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease. They would prefer to stay, but can move if needed. With market rent in the area reaching up to $1,400/month, there’s great potential for increased cash flow. Situated near the new Amazon warehouse and major freeways, the location offers easy access and convenience for tenants. This home features a full basement, providing ample storage, and a detached garage for additional parking. The bathroom has been updated with new flooring, and the home offers plenty of space with 4 bedrooms, making it a solid investment with future growth potential whether it's with cash or sec 8 paying tenants. Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value. Don’t miss out on this prime investment opportunity in a growing area of Detroit!
Features & Amenities
Interior
- Basement:
- Unfinished
- Heating:
- Forced air, Natural gas
Exterior
- Style:
- Bungalow
- Pool:
- None
- Parking:
- One car garage, Detached
Construction
- General:
- Brick, OneandOneHalf, Basement, Block
Location
- Road/Access:
- Paved
- Originating MLS:
- Realcomp II Ltd
- School District:
- Detroit
- County:
- Wayne
Lot
- Zoning:
- E HANNA N 15 FT 950 S 25 FT 951 EIGHT-OAKLAND SUB NO 1 L37 P23 PLATS, W C R 9/176 40 X 100, W09I020344S
Utilities
- Water:
- Public, Waterat street
- Sewer:
- Public sewer, Sewer at street
Financial
- Source:
- Realcomp II Ltd
This listing courtesy of:
Zest Realty LLC, Timothy Moore
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 Highland Park, MI
Housing
- Number of Units
- 12,437
- Median Home Value
- $86,028
- Median Rent
- $537
57.28% of housing units are renter occupied.
22.72% are vacant.
Commute
- Car
-
69.79%
- Public Transportation
-
10.29%
- Walk to Work
-
1.49%
- Work from Home
-
16.25%
- Other
-
0.63%
The median travel time to work is 23 minutes.
People
- Population
- 22,184
- Median Age
- 41.90
- Median Household Size
- 2.20
Education
- High School
-
32.98%
- Associate’s Degree
-
5.63%
- Bachelor’s Degree
-
11.82%
- Graduate Degree
-
8.07%
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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