7541 ARCHDALE Street Pending Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48228
Key Details
Property Type Single Family Home
Sub Type Ranch
Listing Status Pending
Purchase Type For Sale
Square Footage 914 sqft
Price per Sqft $76
MLS Listing ID 20240085912
Style Ranch
Bedrooms 3
Full Baths 1
Year Built 1959
Annual Tax Amount $1,112
Lot Size 4,791 Sqft
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
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage Description No Garage
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Vinyl
Schools
School District Detroit
Others
Assessment Amount $240
Acceptable Financing Cash,Conventional,FHA,FHA 203K,Warranty Deed
Listing Terms Cash,Conventional,FHA,FHA 203K,Warranty Deed