3114 S ELECTRIC Street, Detroit, MI 48217

$90,000 Asking Price

3 beds

2 baths

880 sqft

Built in 1926

**INVESTORS** Don’t miss this fantastic opportunity to add a reliable income-producing property to your portfolio. This charming 3-bedroom, 1.5-bath home is currently rented for $1,200 per month, providing consistent cash flow and a strong return on investment. Please do not disturb tenants, schedule a showing today!

Listing Status:: Active
Date Added:: August 5, 2024 — 140 days ago
Listing Office:: U.S. Investor Group, Wael Nehme (313-354-5334)
Office Phone:: 313-644-0034
MLS ID:: 20240051734

Features & Amenities

Interior

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

Exterior

Style:: Bungalow
Pool:: None
Parking:: One car garage, Detached

Construction

General:: Aluminum siding, Brick, Other, One, Basement, Block

Location

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

Lot

Zoning:: N ELECTRIC 420 HARRAHS FORT ST SUB L30 P53 PLATS, W C R 20/424 30 X 104.34A, W20I014136S

Utilities

Water:: Public
Sewer:: Public Sewer

Financial

Source:: Realcomp II Ltd

This listing courtesy of:
U.S. Investor Group, Wael Nehme

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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3114 S ELECTRIC Street, Detroit, MI 48217

$90,000 Asking Price