12823 RIAD Street, Detroit, MI 48224

$64,900 Asking Price

3 beds
1 bath
974  sqft
Built in 1944

**OPPORTUNITY** This 3 bedroom, 1 bathroom brick bungalow is located in the Denby neighborhood, near the border of Harper Woods, and could make an excellent rental property with Section 8 rents as high as $1,300/month OR could be your next fix-n-flip project with ARVs in the 110-125K range! The property features hardwood flooring throughout most of the 1st floor, forced air heating, vinyl windows, PEX plumbing, an updated 100 amp electrical panel with mostly romex wiring, and a 3-tab shingle roof! The property does require some cosmetic updates, but the kitchen and bathroom could be repurposed relatively cheaply and easily if you go the rental route! Perfect for a BRRRR strategy! CASH OR HARD MOENY ONLY, NO SELLER FINANCING.

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Forced air, Natural gas

Exterior

Style:
Bungalow
Other Structures:
Porch
Pool:
None
Parking:
No garage

Construction

Roofing:
Asphalt
General:
Brick, OneandOneHalf, Basement, Block

Location

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

Lot

Zoning:
W RIAD 42 JOSEPH HOLTZMAN SUB L68 P75-6 PLATS, W C R 21/1011 42 X 122, W21I057661S003

Utilities

Utilities:
Above ground utilities, Cable available, Underground utilities
Water:
Public, Waterat street
Sewer:
Public sewer, Sewer at street

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
RE/MAX Leading Edge, Ryan E Kain

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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