$69,900
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7541 ARCHDALE ST Detroit, MI 48228
3 Beds
1 Bath
914 SqFt
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Sold
Purchase Type For Sale
Square Footage 914 sqft
Price per Sqft $82
MLS Listing ID 20240085912
Sold Date 11/27/24
Style Ranch
Bedrooms 3
Full Baths 1
Year Built 1959
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type SingleFamilyResidence
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 Area05092Detjoydbnhtgrnfldlimits
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features NoGarage
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, FHA203K, WarrantyDeed
Listing Terms Cash, Conventional, FHA, FHA203K, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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Bought with KW Professionals