$69,900
7541 ARCHDALE Street Detroit, MI 48228 3529
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$69,900
Est. payment /mo
3 BD
1 BA
914 SqFt
New
7541 ARCHDALE Street Detroit, MI 48228 3529
UPDATED:
11/14/2024 03:44 PM
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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Curran & Oberski
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