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Key Details
Sold Price $64,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 776 sqft
Price per Sqft $82
MLS Listing ID 20240053766
Sold Date 10/04/24
Style Ranch
Bedrooms 2
Full Baths 1
Originating Board Realcomp
Year Built 1947
Annual Tax Amount $999
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35.00 x 115.00
Property Sub-Type Single Family Residence
Property Description
This high-yielding investment opportunity in Detroit awaits you! Tenant is long term section 8 for guaranteed income. Monthly rent income $1,000 for investment return of 15.4%. Tenant pays all utilities. Furnace was replaced in 2024, garage for 1.5 cars, property is well maintained. Favorable price for the portfolio of 7 homes: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini - contact Agent for details. ** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
Location
State MI
County Wayne
Area Wayne County - 100
Direction N of 7 Mile/E of Gratiot
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.5
View Y/N No
Garage Yes
Building
Story 1
Sewer Public
Water Public
Architectural Style Ranch
Structure Type Other
Others
Tax ID W21I021534S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Rob Young
Broker Associate | License ID: 6506039987
Broker Associate License ID: 6506039987