Welcome to a fully renovated, turnkey investment opportunity in Detroit's rapidly appreciating Morningside neighborhood. This solid brick bungalow is already income-producing with an active lease in place at $1,300/month, delivering immediate cash flow from day one. The home has been thoughtfully updated with brand-new laminate flooring, fresh modern paint, new… Read More windows, and a completely renovated kitchen and bathroom - keeping maintenance low and minimizing future capital expenditures. A new HVAC system will also be installed prior to closing, providing added value and long-term peace of mind. With strong rental demand in the area and ongoing neighborhood appreciation, this property is ideal for investors seeking stability and growth. Based on a 20% down payment, the property offers an estimated 10% return on investment, making it a compelling buy-and-hold asset. Don't miss the chance to secure a low-maintenance, cash-flowing property in one of Detroit's most promising rental markets. Read Less
Courtesy of Amin Realty.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Single Family
Beds
3
Full Baths
1
Square Ft.
782
Lot Size
0.12 Acres
Year Built
1944
MLS Number
60989110
Additional Details
Property Access
Paved Street
Basement
Unfinished
Building
782 square feet, 4 total rooms, Built in 1944, Style: 1 1/2 Story, Bungalow
Exterior Features
Brick
Foundation
Basement
Garage
2 car spaces in garage, Detached Garage
Water Features
Public Water
Heating
Natural Gas, Forced Air
Lot
0.12 acres, Size: 42X123.61
Taxes
Amount: $315
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