7345 Penrod St, Detroit, MI 48228

$66,100
2
BD
1
BA
800
SqFt

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Sold Price
$66,100
List Price
$69,000
Closing Date
May 19, 2025
MLS#
20250010414
Status
CLOSED
Bedrooms
2
Bathrooms
1
Total Square Footage
800
Subdivision
WESTHAVEN (PLATS)

Property Description

Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1050/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023, rent increased as of June 2024. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**

Additional Information

Year Built
1939
Basement Type
Unfinished
Foundation
Basement, Block
Acres
0.12
Style
Bungalow
Acres
0.12
School District
Detroit
Heating
Forced Air, Natural Gas
Garage Description
None

Mortgage Calculator

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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Home Source Realty LLC 3133845731

Selling Office: SENAN LLC.

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