Veterans United Realty
28 Photos

Address unavailable., Detroit, MI 48227

$84,900 Asking Price

4 beds
2 baths
1,250  sqft
Built in 1925

This is an incredible opportunity for an investor looking for a turn key property with around an 11 percent cap rate. Long term tenant that would like to stay. Lease is up in February 2025. This colonial is a 4 bedroom 2 full bathroom home with hard wood floors, spacious closets, and tons of natural light. Two of the bedrooms are on the main level and the other two are on the upper level. Land Contract terms are available at a 10 percent interest rate with a $40,000 down payment, 36 month term and a balloon payment at the end.


Listing Status:
Active
Date Added:
September 26, 2024 — 2 days ago
Listing Office:
House Of May, Tyrone Johnson (313-729-1638)
Office Phone:
248-525-1552
MLS ID:
70433214

Features & Amenities

Interior

Heating:
Natural Gas, Forced Air

Exterior

General:
Aluminum,Brick, Porch
Style:
Colonial

Construction

General:
2 Story, Basement

Location

Road/Access:
City/County,Paved Street
Originating MLS:
Greater Metropolitan Association of REALTORS
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
E COYLE 12 STRATHMOOR SUB NO 2 L32 P52 PLATS, W C R 22/82 40 X 106.41A, 22044841.

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
Greater Metropolitan Association of REALTORS

This listing courtesy of:
House Of May, Tyrone Johnson

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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IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last Updated: September 28, 2024 6:24 am.

Copyright © 2024 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

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