16514 Burt Rd, Detroit, MI 48219
- $85,000
- 3
- BD
- 1
- BA
- 858
- SqFt
- List Price
- $85,000
- MLS#
- 20261062084
- Status
- ACTIVE
- Bedrooms
- 3
- Bathrooms
- 1
- Total Square Footage
- 858
- Subdivision
- GRAND RIVER SUBURBAN
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.
Additional Information
- Year Built
- 1942
- Basement Type
- Unfinished
- Foundation
- Basement, Block
- Acres
- 0.14
- Style
- Bungalow
- Acres
- 0.14
- School District
- Detroit
- Heating
- Forced Air, Natural Gas
- Garage Spaces
- 2
- Garage Description
- 2 Car, Detached
Mortgage Calculator
Courtesy of Own It Realty 3133950000
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