A freshly updated investment property in one of Detroit's revitalizing neighborhoods comes with a brand-new lease in place and currently generates $1,400 SECTION 8 per month in rental income, making it an ideal choice for investors seeking strong returns and long-term value.A;A;The nearby amenities add considerable appeal for future tenants… Read More or buyers. Just 0.3 miles away, Denby High School is easily accessible, and Trix Performance Academy, less than 0.5 miles from the home, is known for serving local students. Nearby parks like Farwell Recreation Center, less than a mile from your doorstep, offer recreational options and contribute to the neighborhood's community feel - an important factor for attracting families or long-term tenants.A;A;Convenient shopping and dining options surround Tacoma St. Within a mile, you'll find local favorites such as Lou's Coney Island and Halal Fried Chicken, ensuring residents have diverse food choices close by. Walgreens is just 0.8 miles away, meeting everyday healthcare and pharmacy needs. This proximity to everyday essentials increases the desirability and rentability of the location, helping investors secure consistent occupancy and investment stability.A;A;Recently refreshed, the property offers updated living spaces that appeal to quality renters, supporting long-term tenancies. Coupled with a new lease in place at $1,400 per month, this home provides immediate rental income from day one. The neighborhood's resurgence increases its investment potential, and the close proximity to main roadways like Gratiot Avenue ensures easy commutes for residents.A;A;This is more than a property - it's a strategic opportunity to capitalize on one of Detroit's most promising markets. The robust local infrastructure, walkable amenities, and strong rental demand make this an appealing addition to any investor's portfolio. Don't miss out on this affordable entry point in a neighborhood poised for growth. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of JNA Real Estate, (248) 648-0484.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Square Ft.
1,100
Lot Size
0.11 Acres
Year Built
1947
MLS Number
20251008460
30 Days Snapshot Of 48205
$68k
-1%
(avg) sold price
21
-43%
homes sold
84
+15%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
1,100 total square feet, 1,100 combined square feet, 872 total basement square feet, Built in 1947, Architectural style: Bungalow, 2 Story, Brick
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