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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$85,000

Est. payment - /mo

3 Beds

1 Bath

997 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 997 sqft

Price per Sqft $85

Subdivision Park Manor Dev Cos Park Drive Sub

MLS Listing ID 20261036412

Style Bungalow

Bedrooms 3

Full Baths 1

Year Built 1938

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type SingleFamilyResidence

Property Description

Turnkey Detroit Investment Opportunity! This beautifully renovated 3-bedroom, 1-bath all-brick bungalow on Detroit's east side is the perfect addition to any investor's portfolio. Renovated in 2025, the property features updated finishes while maintaining its classic brick charm. Currently tenant-occupied at $1,050/month on a month-to-month lease, offering immediate cash flow from day one with additional upside potential through future rent increases over time. The tenant is current on all payments, takes pride in the home, and would like to remain in place for added stability. Professionally managed by a local property management company, giving buyers the flexibility to retain management for a seamless transition or self-manage the asset. Whether you're a seasoned investor or just getting started, this is a solid income-producing property with strong rental potential in a growing Detroit market. Subject to tenants right. Please do not disturb the tenants. No showings without an accepted offer. Photos were taken before the tenants moved in.

Location

State MI

County Wayne

Area Area05055Detconmorsgrathstn7Mack

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features NoGarage

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

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Listed by Ryan Lonsway of Real Broker, LLC Troy

Nearby Locations

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Erin Raetz

+1(586) 996-8410

9809 Philip ST Detroit, MI 48224

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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