Tenant in place. Income from day one. Future upside built in. This professionally managed brick bungalow in Detroit's sought-after East English Village offers the kind of straightforward investment opportunity investors are actively looking for. Priced at $85,000, this 3-bedroom, 2-bath home with a 1.5-car garage comes with a tenant already… Read More in place through April 2027, generating $1,100/month in gross rent with the tenant paying all utilities. The current tenant has occupied the property since 2023, providing immediate stability, while current lease provides immediate income with room for future rental optimization.A;Major improvements completed in 2023, including the furnace, hot water heater, and basement waterproofing, help minimize deferred maintenance concerns, while professional management makes ownership transition simple. With established tenancy, strong neighborhood appeal, and immediate income, this is an ideal addition for investors seeking a low-friction portfolio acquisition. Lease, ledger and due diligence documentation available. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of REMAX City Centre, (313) 528-3002.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Residential
Beds
3
Full Baths
2
Square Ft.
1,161
Lot Size
0.1 Acres
Year Built
1950
MLS Number
20261036864
30 Days Snapshot Of 48224
$95k
-1%
(avg) sold price
44
-10%
homes sold
83
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
1,161 total square feet, 1,161 combined square feet, 930 total basement square feet, Built in 1950, Remodelled in 2023, Architectural style: Bungalow, 2 Story, Brick
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