Mid-Mitten Realty
7541 ARCHDALE Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48228 3529
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 914 sqft
Price per Sqft $76
MLS Listing ID 60354424
Style 1 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 914
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 Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Waterfront No
Garage No
Building
Story 1 Story
Foundation Basement
Water Public Water
Architectural Style Ranch
Structure Type Brick,Vinyl Siding
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $240
Energy Description Natural Gas
Financing Cash,Conventional,FHA,FHA 203K