8611 STOUT Street, Detroit, MI 48228

$65,000 Asking Price

2 beds
1 bath
693  sqft
Built in 1949

10% CAP RATE***HIGH ROI**WARRENDALE INVESTMENT PROPERTY NEAR DEARBORN** CASH FLOWING INVESTOR SPECIAL** Performing Westside Ranch located on a solid block. Rented for $850 cash to a great tenant. This charming ranch features 2 nice size bedrooms and a full bath. Large living room, kitchen and full basement provides plenty of living space. Home has newer 3D Roof, vinyl windows and detached garage. Property is fenced and private. Terrific opportunity to add a performing rental to your portfolio. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Can also be purchased as a package with 8438 Stout for 129k.


Features & Amenities

Interior

Basement:
Full, Unfinished
Heating:
Forced air, Natural gas

Exterior

Style:
Ranch
Other Structures:
Porch
Pool:
None
Parking:
One car garage, Detached

Construction

Roofing:
Asphalt
General:
Aluminum siding, One, Basement, Block

Location

Road/Access:
Paved
Originating MLS:
Realcomp II Ltd
School District:
Detroit
County:
Wayne

Lot

Zoning:
W STOUT 61 AND E 9 FT OF VAC ALLEY ADJ JOHN H WALSHS PARKSIDE SUB L53 P7 PLATS, W C R 22/281 40 X 136, W22I102070S
Fencing:
Back yard

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
U.S. Investor Group, Sam Berri

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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