$84,900 for Sale
16514 burt road, detroit, MI 48219
| Beds 3 | Baths 1 | 858 Sqft | 0.14 Acres |
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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.
General Information
Sale Price: $84,900
Price/SqFt: $99
Status: Active
MLS#: 20251023502
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: grand river suburban
Acres: 0.14
Lot Dimensions: 50X117.59
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 858 sq.ft.
Acreage: 0.14 est.
Year Built: 1942
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom: 11 X 11
Bedroom: 12 X 12
Bedroom - Primary: 11 X 12
Bath - Full: 5 X 7
Dining Room: 7 X 10
Kitchen: 12 X 12
Living Room: 11 X 15
Paved Road: Paved
Garage: 2 Car
Garage Description: Detached
Construction: Brick
Exterior: Brick
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,176
Est. Winter Taxes: $133
Legal Description: E BURT 368 GRAND RIVER SUBURBAN SUB L35 P16 PLATS, W C R 22/454 50 X 117.59
IDX provided courtesy of Realcomp II Ltd. via Tremaine Real Estate and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders
Listing By: Yasir Abulaban of Own It Realty, Phone: (313) 395-0000
