Introducing a fantastic investment opportunity with this charming full brick bungalow. This property features 3 cozy bedrooms and 1 well-maintained bathroom, offering a comfortable living space. Currently tenant-occupied, this home provides a steady rental income stream for savvy investors. The solid brick construction ensures durability and low maintenance, making it an ideal addition to any investment portfolio. Don't miss out on this chance to secure a reliable income-generating property! Section 8 renter in place $1,380 per month
Courtesy: Keller Williams Realty-Great Lakes
Cornelius Wilson
TENANT OCCUPIED, SUBJECT TO TENANT RIGHTS. DO NOT APPROACH PROPERTY WITHOUT A LICENSED AGENT. 2 BEDROOMS WITH NEW UPDATES TO KITCHEN, BATH, ELECTRICAL AND PLUMBING BUYERS AGENT TO VERIFY ALL DATA, BUYERS TO PAY FOR A COMPLIANCE FEE OF $695.00 PAYABLE TO LISTING BROKER
Amazing opportunity to purchase a home in the up and coming area of Eden Gardens Neighborhood, minutes from the city airport and downtown. Gratiot Ave is rapidly redeveloping along with its surroundings. Whether you are a first time home buyer(15K grant down payment assistance available through the city of Detroit) or a savvy investor, this is the home not to be missed. Situated on a corner lot, with a solid block, you will have ample space both inside or outside to roam and turn this home into a masterpiece. The living and dining rooms boast ample space for entertainment; along with a super sized kitchen.Hosting parties or holidays won't be an issue. Upstairs, you'll find three spacious bedrooms with privacy and functionality in mind. Basement can be finished and half a bathroom restored for additional living space if so desired. Side lot available for purchase through landbank.
Don't miss this great investment opportunity on this up and coming east side neighborhood, close to Gratiot and minutes from Downtown Detroit. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Detroit is located in Michigan. Detroit, Michigan 48213has a population of 645,658. Detroit 48213 is less family-centric than the surrounding county with 16.17% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Detroit, Michigan 48213 is $34,762. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Detroit 48213 is 35 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33.5 inches per year, with 33 inches of snow per year.
