18555 Lumpkin St, Detroit, MI 48234

$40,000 Asking Price

3 beds
2 baths
900  sqft
Built in 1954

Discover this 3-bedroom, 2-bathroom single-family home in the Northeast Central District neighborhood. The exterior is well-maintained, offering a promising canvas. Interior improvements are needed, particularly in the kitchen and bathrooms, presenting an ideal opportunity for buyers to enhance and customize. Seller financing is a great way to buy if you can’t qualify for a traditional mortgage, offering a unique opportunity to own your dream home. With a land contract, you can enjoy the benefits of owning without the immediate need for bank approval. Ask about the option to buy the house subject to the existing mortgage, which can provide you with a much lower interest rate and payment. This property should rent for $1,100-$1,300 per month, depending on updates and improvements made. This is an excellent opportunity for buyers looking for creative financing solutions. Don't miss out—contact us today for more details!


Features & Amenities

Interior

Basement:
Unfinished
Heating:
Natural Gas, Forced Air

Exterior

General:
Vinyl Siding, Patio
Style:
Ranch
Parking:
2 Spaces

Construction

General:
1 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
W LUMPKIN 294 N 15 FT 293 MAPLEVIEW SUB L35 P78 PLATS, W C R 9/161 45 X 111.01A, W09I015430S

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
Wise Property Buyers, TJ Brisbois

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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