20490 Hanna St, Detroit, MI 48203
- $58,000
- 4
- BD
- 2
- BA
- 1,276
- SqFt
- Sold Price
- $58,000
- List Price
- $58,900
- Closing Date
- Feb 07, 2025
- MLS#
- 20240072639
- Status
- CLOSED
- Bedrooms
- 4
- Bathrooms
- 2
- Half-baths
- 1
- Total Square Footage
- 1,276
- Subdivision
- EIGHT-OAKLAND SUB NO 1 (PLATS)
Property Description
Long-Term Tenant Investment Opportunity – Detroit Brick Bungalow An incredible investment opportunity awaits at 20490 Hanna St! This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease. They would prefer to stay, but can move if needed. With market rent in the area reaching up to $1,400/month, there’s great potential for increased cash flow. Situated near the new Amazon warehouse and major freeways, the location offers easy access and convenience for tenants. This home features a full basement, providing ample storage, and a detached garage for additional parking. The bathroom has been updated with new flooring, and the home offers plenty of space with 4 bedrooms, making it a solid investment with future growth potential whether it's with cash or sec 8 paying tenants. Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value. Don’t miss out on this prime investment opportunity in a growing area of Detroit!
Additional Information
- Year Built
- 1947
- Basement Type
- Unfinished
- Foundation
- Basement, Block
- Acres
- 0.09
- Style
- Bungalow
- Acres
- 0.09
- School District
- Detroit
- Heating
- Forced Air, Natural Gas
- Garage Spaces
- 1
- Garage Description
- 1 Car, Detached
Mortgage Calculator
Courtesy of Zest Realty LLC 2482708238
Selling Office: SimpliHom.
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