SUBMIT YOUR BEST OFFER! Tenant in place. Income from day one. Future upside built in. This professionally managed brick bungalow in Detroit's sought-after East English Village offers the kind of straightforward investment opportunity investors are actively looking for. Priced at $75,000, this 3-bedroom, 2-bath home with a 1.5-car garage comes… Read More with a tenant already in place through April 2027, generating $1,100/month in gross rent with the tenant paying all utilities. The current tenant has occupied the property since 2023, providing immediate stability, while current lease provides immediate income with room for future rental optimization. Major improvements completed in 2023, including the furnace, hot water heater, and basement waterproofing, help minimize deferred maintenance concerns, while professional management makes ownership transition simple. With established tenancy, strong neighborhood appeal, and immediate income, this is an ideal addition for investors seeking a low-friction portfolio acquisition. Lease, ledger and due diligence documentation available. Read Less
Courtesy of REMAX City Centre.
Listing Snapshot
Days Online
12
Last Updated
Property Type
Single Family
Beds
3
Full Baths
2
Square Ft.
1,161
Lot Size
0.1 Acres
Year Built
1950
MLS Number
60994882
Additional Details
Property Access
Paved Street
Basement
Unfinished
Building
1,161 square feet, 8 total rooms, Built in 1950, Style: 2 Story, Bungalow
Dining Room
Length: 12 feet, Width: 9 feet
Exterior Features
Brick
Foundation
Basement
Garage
1 car spaces in garage, Detached Garage
Water Features
Public Water at Street
Heating
Natural Gas, Forced Air
Kitchen
Length: 11 feet, Width: 9 feet
Lot
0.1 acres, Size: 40X111
Living Room
Length: 22 feet, Width: 13 feet
Sewer
Public At Street
Taxes
Amount: $1,565
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