Excellent turnkey investment opportunity in Detroit! 13918 Terry St is fully renovated and occupied with a new and vetted tenant paying $1,500 per month. Offered at only $125,000, this property delivers an outstanding 14.4% cap rate from day one. Complete renovation includes new paint, windows, electrical, plumbing, furnace, water heater,… Read More kitchen and baths. Do not forget the rare and massive 3 car garage in the oversized backyard. Valid City of Detroit Certificate of Occupancy and Certificate of Compliance on file; property meets all rental standards and is Section 8 eligible. Current tenant is on a market-rate lease; full documentation, lead clearance, and tenant info available upon request. Ideal for hands-off or out-of-state investors seeking immediate cash flow in a strong rental submarket. Do not miss this rare combination of condition, occupancy, and return. Priced for quick sale. BATVAI Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Century 21 Curran & Oberski, (313) 274-7200.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Residential
Beds
3
Full Baths
2
Square Ft.
1,482
Lot Size
0.11 Acres
Year Built
1925
MLS Number
20251059204
30 Days Snapshot Of 48227
$82k
-12%
(avg) sold price
36
-16%
homes sold
61
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Interior Entry, Partially Finished, Basement?: 1
Building
1,482 total square feet, 2,282 combined square feet, 800 lower floor square feet, 988 total basement square feet, Built in 1925, Remodelled in 2024, Architectural style: Bungalow, 1 1/2 Story, Brick, Brick Veneer, Vinyl
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