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Erin Raetz

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

$235,000

Est. payment - /mo

5 Beds

2 Baths

2,442 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 2,442 sqft

Price per Sqft $96

Subdivision Tuxedo Manor Sub

MLS Listing ID 20261056873

Style Colonial

Bedrooms 5

Full Baths 2

Year Built 1916

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type SingleFamilyResidence

Property Description

This extensively renovated 5-bedroom, 2-bath Colonial is currently tenant occupied with a lease generating $2,100 per month ($25,200 annually), providing immediate rental income from day one. Acquired in 2023 and fully renovated prior to tenant occupancy, the property features updated flooring, fresh paint, a modernized kitchen, renovated bathrooms, newer windows, updated electrical and plumbing, a newer roof, and numerous additional improvements throughout. Offering approximately 2,442 square feet of living space, spacious room sizes, and a versatile floor plan, this property presents an outstanding opportunity for investors seeking a quality, low-maintenance asset with strong long-term appreciation potential. Photos taken prior to tenant occupancy are available upon verification of proof of funds. Tenant occupied—please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.

Location

State MI

County Wayne

Area Area05044Highlandpark

Rooms

Basement Unfinished

Entry Level BathFull

Entry Level, 10 X 10 Bedroom

Second Level, 12 X 11 Bedroom

Second Level, 11 X 10 Bedroom

Entry Level, 11 X 10 Bedroom

Second Level BathFull

Entry Level, 10 X 12 Bedroom

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features NoGarage

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Highland Park

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

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Listed by Jay Naim of EXP Realty Main

Nearby Locations

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Erin Raetz

+1(586) 996-8410

343 Elmhurst ST Detroit, MI 48203

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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