• 7345 Penrod Street Detroit, Michigan 48228

  • $69,900
  • 2
    Bed(s)
  • 1
    Baths
  • 800
    Sq Ft
  • 0.12
    Acre

Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1000/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**

Property Type :

Residential

Subdivision :

Westhaven (plats)

County :

Wayne

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 2

Bathroom Information

Total Baths: 1

Full Baths: 1

Room Information

Total Rooms: 5

Interior Features

Basement Description: Unfinished

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1939

Building Stories: 1 1/2 Story

Foundation/Basement: Basement

Architecture: Bungalow

Exterior Features

Construction: Brick,Vinyl

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Public (Municipal)

Lot Information

Lot Size: 0.12

Lot Dimensions: 40.00 x 138.00

Frontage Feet: 40

Property Information

SQ ft: 800

Subdivision: WESTHAVEN (PLATS)

Financing: Cash,Conventional,Warranty Deed

Listing Price Information

Original List Price: $69,900

Listing Information

Possession: Subject To Tenant Rights

Legal Description: W PENROD 314 AND E 9 FT OF VAC ALLEY ADJ WESTHAVEN SUB L40 P75 PLATS, W C R 22/213 40 X 138

Tax Information

Annual Tax: $1,195

Parcel Number: W22I078199S

Possession

Subject To Tenant Rights

Legal Information

Legal Description: Section: W PENROD 314 AND E 9 FT OF VAC ALLEY ADJ WESTHAVEN SUB L40 P75 PLATS, W C R 22/213 40 X 138

Parking Information

Garage Size: No Garage

Multi-Unit Information

Road Frontage: Paved

School Information

School District: Detroit

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8891 Braile Street , Detroit, MI,48228 $70,000 3 1.5 954 0.12 Acre
6530 Ashton Avenue , Detroit, MI,48228 $74,900 2 1 696 0.12 Acre
9106 Winthrop , Detroit, MI,48228 $33,000 2 1 740 0.08 Acre
12800 W Chicago Street , Detroit, MI,48228 $3,000 -- -- -- 0.25 Acre
8647 Schaefer , Detroit, MI,48228 $71,164 -- -- -- 0.82 Acre
9639 Minock Street , Detroit, MI,48228 $30,000 3 1 1,154 0.14 Acre
7317 Penrod Street , Detroit, MI,48228 $4,800 -- -- -- 0.12 Acre
7265 Stout Street , Detroit, MI,48228 $79,999 3 1 768 0.1 Acre
11641 Glastonbury Avenue , Detroit, MI,48228 $56,000 4 1 1,407 0.11 Acre
8862 Evergreen Avenue , Detroit, MI,48228 $49,990 2 1 900 0.07 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/10/2024 @ 02:39

MLS: 599250244
LISTED BY: Bailee Clanton , Home Source Realty LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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