7541 ARCHDALE Street, Detroit, MI 48228 - MLS#20240085912

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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$69,900

Est. payment - /mo

3 Beds

1 Bath

914 SqFt

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UPDATED:

11/14/2024 02:36 PM

Key Details

Property Type Single Family Home

Sub Type Ranch

Listing Status Active

Purchase Type For Sale

Square Footage 914 sqft

Price per Sqft $76

MLS Listing ID 20240085912

Style Ranch

Bedrooms 3

Full Baths 1

HOA Y/N no

Originating Board Realcomp II Ltd

Year Built 1959

Annual Tax Amount $1,112

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40.00 x 115.00

Property Description

Tremendous turn-key investment opportunity in desirable Warrendale subdivision. 3BR Ranch with hardwood floors in excellent condition. Tenant is long-term at $800/mo with six strong years of occupancy. This is a perfect home for new or out of state investors who want easy, passive income! Current CAP Rate is 13% and with a rent increase to the standard $1K per month, CAP soars to 17%. This is a winner! Priced to sell - won't last! Please do not disturb tenant. Qualified buyers only.

Location

State MI

County Wayne

Area Det - Joy-Dbn Ht Grnfld-Limits

Direction Tireman to S. on Archdale

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Description No Garage

Waterfront no

Roof Type Asphalt

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Ranch

Warranty No

Level or Stories 1 Story

Structure Type Brick,Vinyl

Schools

School District Detroit

Others

Tax ID W22I072163S

Ownership Short Sale - No,Private Owned

Assessment Amount $240

Acceptable Financing Cash, Conventional, FHA, FHA 203K, Warranty Deed

Listing Terms Cash, Conventional, FHA, FHA 203K, Warranty Deed

Financing Cash,Conventional,FHA,FHA 203K,Warranty Deed

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Listed by Craig Covert of Century 21 Curran & Oberski

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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