$75,000
$69,900
7.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
914 SqFt
SOLD DATE : 11/27/2024
Key Details
Sold Price $75,000
Property Type Single Family Home
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 914 sqft
Price per Sqft $82
MLS Listing ID 20240085912
Sold Date 11/27/24
Style Ranch
Bedrooms 3
Full Baths 1
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1959
Annual Tax Amount $1,112
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 115.00
Property Description
Tremendous turn-key investment opportunity in desirable Warrendale subdivision. 3BR Ranch with hardwood floors in excellent condition. Tenant is long-term at $800/mo with six strong years of occupancy. This is a perfect home for new or out of state investors who want easy, passive income! Current CAP Rate is 13% and with a rent increase to the standard $1K per month, CAP soars to 17%. This is a winner! Priced to sell - won't last! Please do not disturb tenant. Qualified buyers only.
Location
State MI
County Wayne
Area Det - Joy-Dbn Ht Grnfld-Limits
Direction Tireman to S. on Archdale
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Description No Garage
Roof Type Asphalt
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Ranch
Warranty No
Level or Stories 1 Story
Structure Type Brick,Vinyl
Schools
School District Detroit
Others
Tax ID W22I072163S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional, FHA, FHA 203K, Warranty Deed
Listing Terms Cash, Conventional, FHA, FHA 203K, Warranty Deed
Financing Cash,Conventional,FHA,FHA 203K,Warranty Deed
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