Detroit, MI 48219,16514 Burt Road
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Detroit, MI 48219,16514 Burt Road

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$ 84,900
Est. payment /mo
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16514 Burt Road Detroit, MI 48219

3 Beds

1 Bath

858 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Bungalow

Listing Status Active

Purchase Type For Sale

Square Footage 858 sqft

Price per Sqft $98

Subdivision Grand River Suburban

MLS Listing ID 20251023502

Style Bungalow

Bedrooms 3

Full Baths 1

HOA Y/N no

Year Built 1942

Annual Tax Amount $1,309

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50X117.59

Property Sub-Type Bungalow

Source Realcomp II Ltd

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.

Location

State MI

County Wayne

Area Det: Joy-Schoolcraft Grnfld-Limi

Direction South of Grand River, East of Lahser

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Parking Features Detached

Garage Description 2 Car

Road Frontage Paved

Garage yes

Private Pool No

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Bungalow

Warranty No

Level or Stories 1 1/2 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID 22107728

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional


Realcomp MLS
Listed by Yasir Abulaban of Own It Realty
agent

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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