Turnkey, fully renovated, and already income-producing! This solid brick bungalow in Detroit's Morningside neighborhood is a great opportunity for an investor looking for immediate cash flow. The property is currently leased at $1,250 per month, allowing the new owner to begin collecting rental income from day one.The home has been… Read More updated with new laminate flooring, fresh modern paint, new windows, and a fully renovated kitchen and bathroom. A new HVAC system will also be installed before closing, adding even more value and helping reduce future maintenance expenses.With the renovations already completed and a tenant in place, there is no need to spend additional time or money preparing the property for rent. Based on a 20% down payment, the property offers an estimated 10% return on investment, making it a compelling buy-and-hold opportunity. Located near shopping, schools, parks, restaurants, and major roadways, this low-maintenance property offers a strong combination of affordability, condition, immediate income, and long-term investment potential.Whether you are adding to your portfolio or purchasing your first rental property, this is an opportunity you do not want to miss. Please do not disturb the tenant. Schedule your showing today! Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Amin Realty, (833) 264-6832.
Listing Snapshot
Days Online
9
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Square Ft.
1,082
Lot Size
0.12 Acres
Year Built
1944
MLS Number
20261053018
30 Days Snapshot Of 48224
$92k
-3%
(avg) sold price
40
-25%
homes sold
94
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
1,082 total square feet, 1,082 combined square feet, 768 total basement square feet, Built in 1944, Architectural style: Bungalow, 1 1/2 Story, Brick
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Detached, 2 Car, Garage?: 1
Water Features
Public (Municipal), Water at Street
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.12, Lot size dimensions: 42X123.61
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