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$ 164,900
Est. payment /mo
Active
18024 Fenmore Street Detroit, MI 48235
3 Beds
2 Baths
1,365 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,365 sqft
Price per Sqft $120
MLS Listing ID 20251023578
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1947
Annual Tax Amount $2,434
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40X113
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
SECTION 8 RENTAL — TENANT PAYING $1,600/MONTH! MAJOR UPDATES INCLUDE NEWER ROOF, MECHANICALS, AND ELECTRICAL SYSTEMS. PRICED AT $174,900, THIS TURNKEY PROPERTY OFFERS STRONG, GUARANTEED CASH FLOW FROM DAY ONE. WITH STANDARD INVESTOR FINANCING, THIS ASSET DELIVERS A DOUBLE-DIGIT CASH-ON-CASH RETURN — RARE FOR DETROIT AT THIS QUALITY LEVEL. ARV IS $200K–$220K, GIVING BUY-AND-HOLD INVESTORS A PERFECT EXIT STRATEGY AFTER YEARS OF RENT COLLECTION. PROPERTY IS LOCATED IN A SOLID, HIGH-DEMAND RENTAL POCKET. LOW MAINTENANCE. LONG-TERM UPSIDE. SHOWINGS ONLY AFTER ACCEPTED OFFER — DO NOT DISTURB TENANT.
Location
State MI
County Wayne
Area Wayne County - 100
Direction East of Southfield, North of Outer Dr
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 2.0
View Y/N No
Garage Yes
Building
Story 2
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID 22072304
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Own It Realty