16514 Burt Road, Detroit, MI 48219
- $85,000
- 3
- BD
- 1
- BA
- 858
- SqFt
- List Price
- $85,000
- Days on Market
- 0
- MLS#
- 20261062084
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 3
- Bathrooms
- 1
- Full-baths
- 1
- Living Area
- 858
Property Description
FULLY TENANT-OCCUPIED SECTION-8 INVESTMENT PROPERTY RENTED AT $905/MONTH — BELOW MARKET VALUE — WITH A LONG-TERM TENANT OF OVER?8?YEARS. CURRENT RENT IS SIGNIFICANTLY BELOW AVERAGE FOR THE AREA AND CAN BE INCREASED TO THE CURRENT FAIR MARKET RENT OF $1,630/MONTH FOR A 3-BED WITH A 60-DAY NOTICE. LISTED AT $84,900, THIS PROPERTY OFFERS STABLE, GUARANTEED INCOME AND STRONG UPSIDE POTENTIAL. LOCATED IN A SOLID RENTAL POCKET OF WEST DETROIT, THIS 3-BEDROOM BUNGALOW IS PROFESSIONALLY MANAGED AND REQUIRES NO REHAB. RECENT UPGRADES INCLUDE A NEW ROOF, NEW MECHANICALS, AND OTHER MAJOR COMPONENTS, MAKING THIS A LOW-MAINTENANCE, TURNKEY ASSET.WITH 20% DOWN AND STANDARD INVESTOR FINANCING, THIS IS A HIGH-YIELD OPPORTUNITY THAT DELIVERS CONSISTENT RETURNS. TAXES AND INSURANCE ARE AFFORDABLE, AND THE TENANT’S LONG HISTORY REDUCES TURNOVER RISK. IDEAL FOR LOCAL OR OUT-OF-STATE INVESTORS SEEKING RELIABLE CASH FLOW WITH MINIMAL HEADACHES. SHOWINGS ONLY AFTER ACCEPTED OFFER. DO NOT DISTURB TENANT. PROOF OF FUNDS OR PRE-APPROVAL REQUIRED.
Additional Information
- Taxes
- $1,309
- Acres
- 0.14
- Garage
- Yes
- Heating
- Forced Air
- School District
- Detroit
- Sewer
- Public Sewer
- Stories
- 2
- Style
- Bungalow
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Yasir Abulaban from Listing Office: Own It Realty.
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