This beautifully renovated bungalow is truly turnkey - a great addition to any investor's portfolio! Currently tenant-occupied at $1,250/month on a month-to-month Section 8 lease, this property provides immediate cash flow from day one with future upside potential through rent increases over time. The tenant is current on payments, takes pride in the home, and would love to remain for added stability. Professionally managed by a local property management company, buyers have the option to continue management for a seamless transition or self-manage the property. Conveniently located on Detroit's east side with easy access to amenities and transportation, this is a solid income-producing opportunity in Detroit's growing rental market. Subject to tenant's rights. Please do not disturb tenants. No showings without an accepted offer. Photos were taken prior to tenant occupancy.
| MLS # | 20261082555 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 23 |
| Listing Provided By | Good Company | Ryan Lonsway |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 970 |
| Garage | 1 |
| Basement | Y |
| Acreage | 0.11 |
| Water Front | Yes |
| Rooms Total | 4 |
|---|---|
| Cooling Yes / No | No |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Appliances | Dishwasher, Free Standing Electric Oven, Free Standing Refrigerator, Microwave |
| Construction Materials | Aluminum Siding |
|---|---|
| Foundation Details | Basement, Block |
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | One Car Garage, Detached |
| Tax Annual Amount | 1138 |
|---|
| State | MI |
|---|---|
| County | Wayne |
| City | Harper Woods |
| Zip Code | 48225 |
| Area | Det Con Mors Grat Hstn |
| Community Name | EAST PARK MANOR 2 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in EAST PARK MANOR 2) | |
Price: $90,000 low | high Med: $79,900 sqft: 970 low | high Med: 1,100 $ / sqft: $93 low | high Med: $73 On site: 23 low | high Med: 2 | |
| State | MI |
|---|---|
| County | Wayne |
| City | Harper Woods |
| Zip Code | 48225 |
| Area | Det Con Mors Grat Hstn |
| Community Name | EAST PARK MANOR 2 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in EAST PARK MANOR 2) | |
Price: $90,000 low | high Med: $79,900 sqft: 970 low | high Med: 1,100 $ / sqft: $93 low | high Med: $73 On site: 23 low | high Med: 2 | |