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Erin Raetz

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

$139,900

Est. payment - /mo

3 Beds

2 Baths

1,248 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 1,248 sqft

Price per Sqft $112

Subdivision Watsonia Park Sub 3 - Dbn Heights

MLS Listing ID 20261075383

Style Bungalow

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1937

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type SingleFamilyResidence

Property Description

Unbeatable turn-key addition to your rental portfolio—PLUS ONE ADDITIONAL SEPARATE BUILDABLE LOT INCLUDED IN THE SALE! This fully renovated 3-bedroom, 1.5-bath corner-lot property is generating 100% voucher-backed Section 8 monthly cash flow, with current rent at $1,475 per month. Enjoy immediate income today with the added benefit of a separate buildable lot offering exciting future development, expansion, or resale potential. All major capital expenditures have been completed, including a newer roof, high-efficiency furnace, water heater, mechanicals, plumbing, and electrical updates. The home features a fully remodeled interior with updated light fixtures, fresh paint, modern vinyl windows, and a refreshed kitchen with custom cabinetry, generous counter space, stainless steel appliances, and a dedicated stainless steel wall-mount range hood. A conveniently located main-floor powder room adds functionality, while the full bath features contemporary vanity work, ceramic tile, and updated fixtures. What truly sets this opportunity apart is the ADDITIONAL SEPARATE BUILDABLE LOT included with the sale. Beyond the immediate rental income, the extra lot provides valuable flexibility for future development, expansion, or a potential separate resale. The property also offers oversized, fully fenced outdoor space with cleared mature-tree areas and room for possibilities such as an oversized 1- to 2-car detached garage, additional storage, or a private outdoor oasis ideal for gatherings, pets, and entertaining. Prime corner positioning, strong in-place rental income, a fully renovated home, and an additional buildable lot create a rare combination of immediate cash flow and long-term upside. Take over seamless ownership and start collecting income from day one while retaining significant equity-add land potential for the future.

Location

State MI

County Wayne

Area Area05091Dearbornheights

Rooms

Entry Level, 13 X 26 LivingRoom

Entry Level, 10 X 9 DiningRoom

Entry Level, 12 X 26 Bedroom

Second Level, 8 X 5 BathFull

Entry Level, 8 X 10 Laundry

Entry Level, 5 X 5 BathLav

Entry Level, 8 X 12 Kitchen

Second Level, 11 X 12 Bedroom

Second Level, 10 X 12 Bedroom

Interior

Heating Forced Air, Natural Gas

Cooling Window Unit(s)

Fireplace No

Exterior

Exterior Feature Awnings, Barbecue, Lighting

Parking Features NoGarage

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation CrawlSpace

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Westwood

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan, WarrantyDeed

Listing Terms Cash, Conventional, FHA, VaLoan, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

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Listed by Zaid Kassab of EXP Realty Main

Nearby Locations

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Erin Raetz

+1(586) 996-8410

26095 Powers AVE Dearborn Heights, MI 48125

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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