Descrição
16514 Burt Road,
Detroit,
MI
48219
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 TENANTS 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.
This is an Active listing.
Broker Office Phone Number: 313-395-0000
Copyright © 2025Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listing By: Own It Realty via Data Source: Realcomp Limited II
Casa para uma família
Tipo de propriedade
Detroit City
Distrito Escolar
Detroit City
Distrito Escolar
detroit-detroit-mi
Schools
Histórico de preços
date | price | variance | type |
---|
8/3/2025 | $84,900 | - | Listados |
agente de listagem: Yasir Abulaban