Turnkey investment opportunity with immediate income already in place. This updated brick property is currently tenant occupied at $1,400 per month, with a lease secured through October 2026, allowing you to step into cash flow from day one without the time or expense of placing a tenant. At the current… Read More rental rate, the property produces $16,800 annually in gross rental income, delivering an attractive rent-to-price ratio of over 15% gross annual return before expenses. With today's DSCR lending environment, the existing rental income positions this property well for investors seeking strong debt-service coverage and cash-flow potential. The home itself has been thoughtfully updated to support long-term tenant satisfaction and minimize future capital expenses. Featuring 3 bedrooms and 1.5 baths, the property offers updated flooring, modern finishes, and a clean neutral interior that continues to attract strong rental demand. The functional layout, the modern updates, and the newer roof make this an ideal low-maintenance addition to any portfolio. Whether you're expanding your portfolio or securing your next reliable rental, this property offers the combination investors are looking for: performing income, secured tenancy, updated condition, and strong rental fundamentals at an appropriate price point. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams First, (810) 515-1503.
Listing Snapshot
Days Online
10
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,080
Lot Size
0.11 Acres
Year Built
1936
MLS Number
20261036769
30 Days Snapshot Of 48228
$74k
+12%
(avg) sold price
39
-20%
homes sold
63
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
1,080 total square feet, 1,080 combined square feet, 720 total basement square feet, Built in 1936, Remodelled in 2023, Architectural style: Bungalow, 1 1/2 Story, Brick
Fireplaces
Natural, Living Room, Fireplace?: 1
Foundation
Basement
Garage
No Garage, Garage?: 0
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
High Spd Internet Avail
Lot
Lot size area: 0.11, Lot size dimensions: 41.5X118.92
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Confirm your time
Fill in your details and we will contact you to confirm a time.