2
See all 2 photos
$85,000
Est. payment /mo
3 Beds
1 Bath
858 SqFt
New
16514 Burt Road Detroit, MI 48219
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 858 sqft
Price per Sqft $99
MLS Listing ID 20261062084
Bedrooms 3
Full Baths 1
Year Built 1942
Annual Tax Amount $1,309
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50X117.59
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
FULLY TENANT-OCCUPIED SECTION-8 INVESTMENT PROPERTY RENTED AT $905/MONTH — BELOW MARKET VALUE — WITH A LONG-TERM TENANT OF OVER?8?YEARS. CURRENT RENT IS SIGNIFICANTLY BELOW AVERAGE FOR THE AREA AND CAN BE INCREASED TO THE CURRENT FAIR MARKET RENT OF $1,630/MONTH FOR A 3-BED WITH A 60-DAY NOTICE. LISTED AT $84,900, THIS PROPERTY OFFERS STABLE, GUARANTEED INCOME AND STRONG UPSIDE POTENTIAL. LOCATED IN A SOLID RENTAL POCKET OF WEST DETROIT, THIS 3-BEDROOM BUNGALOW IS PROFESSIONALLY MANAGED AND REQUIRES NO REHAB. RECENT UPGRADES INCLUDE A NEW ROOF, NEW MECHANICALS, AND OTHER MAJOR COMPONENTS, MAKING THIS A LOW-MAINTENANCE, TURNKEY ASSET.WITH 20% DOWN AND STANDARD INVESTOR FINANCING, THIS IS A HIGH-YIELD OPPORTUNITY THAT DELIVERS CONSISTENT RETURNS. TAXES AND INSURANCE ARE AFFORDABLE, AND THE TENANT'S LONG HISTORY REDUCES TURNOVER RISK. IDEAL FOR LOCAL OR OUT-OF-STATE INVESTORS SEEKING RELIABLE CASH FLOW WITH MINIMAL HEADACHES. SHOWINGS ONLY AFTER ACCEPTED OFFER. DO NOT DISTURB TENANT. PROOF OF FUNDS OR PRE-APPROVAL REQUIRED.
Location
State MI
County Wayne
Direction South of Grand River, East of Lahser
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 2.0
View Y/N No
Garage Yes
Building
Story 2
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID 22107728
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Own It Realty