Estimated Value: $67,000 - $81,000
15% Cap Rate! Rented at $900 a month. Beautiful, 3 Bed, 1 Bath, renovated colonial home located on a desirable street in Northeast Detroit. Brand new kitchen cabinets, granite counter tops, tile back splash, ceramic floors, updated hardwood floors, sliding glass door to deck. Large, backyard. Updated bathroom. Newer windows. New furnace/hot water tank. This is a solid investment. Will not last long. Financial breakdown: $900 a month rent ($10,800 annual), $68.50 a month insurance ($822 annual), $90 a month management fee ($980 annual), $1,100 annual property taxes, $600 annual maintenance estimated. Total net income: $7,298. NOTE: Photos were taken prior to tenant moving in.
Last Agent to Sell the Property
JNA Real Estate License #6502410703 Listed on: 09/09/2018
Co-Listed By
Alexi Zawicki
Justin Neil & Associates, LLC License #6501409859
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Interior Spaces
Bedrooms and Bathrooms
Outdoor Features
Utilities
Community Details
Listing and Financial Details
$89,900
ELEGANT THREE BEDROOM BRICK BUNGALOW WITH SPACIOUS LIVING ROOM ONE FULL BATH ON FIRST FLOOR, FULL BASEMENT WITH HALF BATH LARGE TWO CAR GARAGE WITH HUGE LIGHTED FENCED IN BACKYARD, LOVELY HOME IN QUIET NEIGHBORHOOD CLOSE TO SCHOOLS AND SHOPPING AREA, EXCELLENT INVESTOR HOME WITH EQUITY AND FIRST TIME HOMEBUYER. THIS HOME IS VACANT AND SOLD IN " AS-IS " CONDITION.
Vern Smith Real Estate Management Specialists Inc
$79,900
Charming 3-bedroom, 1.1-bath bungalow in Detroit! Featuring a large finished basement, a 1-car detached garage, and a spacious layout full of character. Don't miss this fantastic opportunity—schedule your showing today!
Hassan Scheib Own It Realty
$65,000
Investor Special! This 3-bedroom, 1.5-bathroom, 2-story home in Detroit is full of potential. Featuring a finished basement for extra living space, a deck and patio for outdoor enjoyment, and a solid layout, this property is perfect for investors looking to add value. Don’t miss this opportunity—schedule your showing today!
Anthony Djon Anthony Djon Luxury Real Estate
$77,000
Charming 3-bedroom, 1-bath home in Detroit! Move-in ready with spacious living areas, a cozy kitchen, a large basement, and a 1-car detached garage. Perfect for families or investors. Don’t miss out—schedule a showing today!
Hassan Scheib Own It Realty
$87,900
Charming 3-bedroom, 1-bath colonial home in Detroit! Features a large basement, spacious bedrooms, and classic character throughout. Perfect for first-time buyers or investors. Schedule a showing today!
Hassan Scheib Own It Realty
$79,000
Great Investment Opportunity! Affordable home with Grosse post mailing address close to Chandler Park with tenant.
Moe Siddique BHHS Michigan RE Great Lakes RH
$89,900
Purchaser to pay 395 processing fee. As-is sale. SELLER FINANCING / LAND CONTRACT TERMS AVAILABLE AT 100,000 PURCHASE PRICE, 22,475 DOWN PAYMENT, 8% INTEREST, 120 MONTH TERM. 941 / MONTH. seller financing/land contract terms are negotiable.An elegantly rehabbed home that’s ready for you to move in and make it your own. This updated sanctuary features a bright, inviting living room that flows
Derek Lievens Market Elite Inc
$89,000
Investor Special – Tenanted Brick Bungalow! This 3-bedroom, 1-bath home offers 1,152 sqft of living space with a full 937 sqft basement. Built in 1952, this solid brick property features a charming front porch, a spacious 2-car detached garage (400 sqft), and classic 1-story bungalow architecture. Conveniently tenanted with rent-paying occupants – perfect for investors looking for immediate cash
Hassan Scheib Own It Realty
$79,000
Beautiful 3-bedroom, 1.1-bath ranch in Detroit! Features a large finished basement, spacious bedrooms, and a 2-car detached garage. Don't miss this incredible opportunity—schedule your showing today! TENANTED PROPERTY, NO WALK THROUGH UNTIL APPROVED APPOINTMENT.
Hassan Scheib Own It Realty
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nelson Brian | -- | None Listed On Document | |
| Nelson Brian | -- | None Listed On Document | |
| United Community Housing Coalition | $72,844 | None Listed On Document | |
| United Community Housing Coalition | $72,844 | None Listed On Document | |
| City Of Detroit | $6,634 | None Listed On Document | |
| Lee Jason | -- | None Listed On Document | |
| Fima Us Llc | -- | None Available | |
| Rbf Trust Llc | -- | None Available | |
| Elite Property Investments Llc | $35,000 | Ata National Title Group Llc | |
| Hill Realty Investments Llc | $13,000 | Prism Title & Closing Svcs L | |
| Nrz Reo V 2 Corp | -- | None Available | |
| Nationstar Mortgage Llc | -- | None Available | |
| Aurora Loan Services Llc | $115,614 | None Available | |
| Wilson Keysha D | $92,500 | -- | |
| Nicole D Smith | $76,850 | -- | |
| Joseph L Piersante | $47,000 | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Elite Property Investments Llc | $31,000 | |
| Previous Owner | Wilson Keysha D | $5,144 | |
| Previous Owner | Joseph L Piersante | $47,444 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2018 10/02/18 | Sold | $49,000 | +2.1% | $43 / Sq Ft |
| 09/18/2018 09/18/18 | Pending | -- | -- | -- |
| 09/18/2018 09/18/18 | Price Changed | $48,000 | 0.0% | $42 / Sq Ft |
| 09/10/2018 09/10/18 | Rented | $900 | 0.0% | -- |
| 09/10/2018 09/10/18 | Under Contract | -- | -- | -- |
| 09/10/2018 09/10/18 | For Rent | $900 | 0.0% | -- |
| 09/09/2018 09/09/18 | For Sale | $49,900 | +42.6% | $43 / Sq Ft |
| 08/31/2018 08/31/18 | Sold | $35,000 | -10.3% | $30 / Sq Ft |
| 08/30/2018 08/30/18 | Pending | -- | -- | -- |
| 07/31/2018 07/31/18 | Price Changed | $39,000 | -13.1% | $34 / Sq Ft |
| 07/23/2018 07/23/18 | Price Changed | $44,900 | -18.2% | $39 / Sq Ft |
| 07/11/2018 07/11/18 | Price Changed | $54,900 | -12.7% | $48 / Sq Ft |
| 07/02/2018 07/02/18 | Price Changed | $62,900 | -21.3% | $55 / Sq Ft |
| 06/12/2018 06/12/18 | Price Changed | $79,900 | -11.1% | $69 / Sq Ft |
| 05/24/2018 05/24/18 | For Sale | $89,900 | +596.9% | $78 / Sq Ft |
| 01/09/2018 01/09/18 | Sold | $12,900 | -13.4% | $11 / Sq Ft |
| 12/15/2017 12/15/17 | Pending | -- | -- | -- |
| 11/16/2017 11/16/17 | For Sale | $14,900 | -- | $13 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,397 | $28,500 | $0 | $0 |
| 2023 | $1,180 | $23,500 | $0 | $0 |
| 2022 | $1,257 | $19,400 | $0 | $0 |
| 2021 | $1,223 | $15,500 | $0 | $0 |
| 2020 | $1,223 | $13,400 | $0 | $0 |
| 2019 | $1,205 | $10,900 | $0 | $0 |
| 2018 | $1,010 | $10,300 | $0 | $0 |
| 2017 | $186 | $9,800 | $0 | $0 |
| 2016 | $1,637 | $18,500 | $0 | $0 |
| 2015 | $1,850 | $18,500 | $0 | $0 |
| 2013 | $2,285 | $22,850 | $0 | $0 |
| 2010 | -- | $33,501 | $1,744 | $31,757 |
A
Seller's Agent in 2018
Alexi Zawicki
Justin Neil & Associates, LLC
Seller's Agent in 2018
Justin Neil
JNA Real Estate
(313) 332-0854
13 in this area
286 Total Sales
G
Seller's Agent in 2018
Greg Jones
Jones Realty Brokerage LLC
(313) 585-6805
6 Total Sales
Source: Realcomp
MLS Number: 218087974
APN: 21-025921
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