Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
18
Photos
4
beds
2
baths
1,324
sqft
Built in
1940
Are you looking to “Make money while you sleep� It looks like you can with this SECTION EIGHT **TURNKEY** Cash flow property! New 12 month government paid lease signed July 2024 Section 8 Tenant Government Paying Fourteen Hundred and Fifty USD Brick Cape Cod style Home 4 bedrooms, 1.5 baths Full basement Property has already been fully updated! Only Ninety Thousand Instant income- 2 Generous bedrooms on first floor, 2 even larger bedrooms upstairs- primary bedroom upstairs has a walk-in closet. All bedrooms have ceiling fans. Some locals may not realize what we truly have here until it's too late… Location - location - location! 5 minutes from Colman A. Young International Airport, 5 Minutes to I94 highway, only 15 min to downtown Detroit,12 minutes from the Detroit Medical Center (DMC - 8 General & Specialty Hospitals) close to restaurants, gas stations, shopping and public transit. Blocks from schools, parks, entertainment & more. There are very few 4 bedroom, up and running, cash flowing all brick properties that have been updated for under One Hundred Thousand USD so take it from Warren Buffett, “If you don't find a way to make money while you sleep, you will work until you die." It looks like you found a way. If so, make an offer today! Please do not disturb tenants.
Features & Amenities
Interior
- Basement:
- Unfinished
- Heating:
- Natural Gas, Forced Air
Exterior
- General:
- Brick, Porch
- Style:
- Cape Cod
Construction
- General:
- 2 Story, Basement
Location
- Road/Access:
- Paved Street
- Originating MLS:
- RealComp
- School District:
- Detroit City School District
- County:
- Wayne
Lot
- Zoning:
- S PROMENADE 569 STEVENS EST SUB NO 2 L48 P43 PLATS, W C R 21/719 37 X 147.45A, W21I008772S
Utilities
- Water:
- Public Water
- Sewer:
- Public Sanitary
Financial
- Source:
- RealComp
This listing courtesy of:
Pretty Home Realty, Shawn A Calhoun
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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