401 W Greendale, Detroit, MI 48203
- $35,000
- 3
- BD
- 1
- BA
- 1,493
- SqFt
- Sold Price
- $35,000
- List Price
- $39,900
- Closing Date
- Oct 24, 2023
- MLS#
- 20230057575
- Status
- CLOSED
- Bedrooms
- 3
- Bathrooms
- 1
- Total Square Footage
- 1,493
- Subdivision
- GRIX HOME PARK SUB OF ELY PT OF LOTS 3 & 4
Property Description
Calling all investors! This property has the potential to generate positive cash flow and provide a solid return on investment over time. While it requires essential items and repairs such as a new furnace, a hot water tank, and knobs on the shower, these are improvements that can significantly increase the property's value. With these repairs completed, the home will be in better condition and more appealing to potential tenants or buyers, enabling a higher rental income or a profitable resale in the future. The location of the home is beneficial as well as Highland Park is a vibrant and up-and-coming area known for its rich history and close proximity to downtown Detroit. The city has been experiencing revitalization efforts, attracting new businesses and residents. Investing in this area allows for potential long-term growth and value appreciation as the community continues to develop. With the proper renovations and effective management, this property can offer a solid return on investment, making it an appealing prospect for investors looking to capitalize on the growth and development of the Highland Park area! BTVAI
Additional Information
- Year Built
- 1922
- Basement Type
- Unfinished
- Foundation
- Basement, Block
- Acres
- 0.12
- Style
- Colonial
- Acres
- 0.12
- School District
- Detroit
- Heating
- Forced Air, Natural Gas
- Garage Description
- None
Mortgage Calculator
Courtesy of KW Professionals 7344594700
Selling Office: EXP Realty LLC.
IDX provided courtesy of Realcomp II Ltd., via Real Estate Company and . Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.