Thank you
Kristina Khalifeh
Arterra Luxe Collection LLC
248-733-5893
This property is a fantastic investment opportunity with immediate positive cash flow. Located in Detroit, it's a rare find in today's market. The upstairs unit is currently occupied by a Section 8 tenant, providing a steady income of $880 per month. Additionally, the downstairs unit boasts a long-term tenant with an excellent payment history, contributing $975 per month. This property not only offers a consistent income stream but also benefits from the stability that comes with long-term, reliable tenants. With the Section 8 program in place and a history of timely payments from both tenants, this investment promises a secure and lucrative return. Don't miss out on this rare opportunity to add a high-performing asset to your portfolio.
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Laundry Facility
Heating: Forced Air
Heating Fuel: Natural Gas
Year Built: 1928
Total Units: 2
Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street
Public (Municipal),Water at Street
Lot Size: 0.08
Lot Dimensions: 35 X 101.25
Frontage Feet: 35
Financing: Cash,Conventional
Original List Price: $150,000
Possession: Subject To Tenant Rights
Legal Description: E NOTTINGHAM 126 RUEHLE HARPER AVE SUB NO 1 L47 P68 PLATS, W C R 21/846 35 X 101.25
Annual Tax: $2,049
Parcel Number: 21066576
Subject To Tenant Rights
Legal Description: Section: E NOTTINGHAM 126 RUEHLE HARPER AVE SUB NO 1 L47 P68 PLATS, W C R 21/846 35 X 101.25
Parking: 2
# of Bedrooms: 2
School District: Detroit
Water:Public (Municipal),Water at Street
Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
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4814 Wayburn Street , Detroit, MI,48224 | $147,900 | 3 | 1.5 | 1,400 | 0.12 Acre |
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3610 Bedford Street , Detroit, MI,48224 | $15,000 | 3 | 1.5 | 1,650 | 0.11 Acre |
9300 Mckinney Street , Detroit, MI,48224 | $104,000 | 3 | 1 | 1,192 | 0.1 Acre |
11102 Courville Street , Detroit, MI,48224 | $109,900 | 4 | 2 | 1,479 | 0.11 Acre |
5035 Philip Street , Detroit, MI,48224 | $46,500 | 3 | 1 | 1,158 | 0.09 Acre |
11784 E Outer Drive , Detroit, MI,48224 | $124,000 | 3 | 1 | 1,172 | 0.11 Acre |
10749 E Outer Drive , Detroit, MI,48224 | $94,500 | 3 | 1 | 1,172 | 0.11 Acre |
10954 Rossiter Street , Detroit, MI,48224 | $69,900 | 2 | 1 | 1,269 | 0.1 Acre |
3690 Somerset Avenue , Detroit, MI,48224 | $119,900 | 4 | 1.5 | 1,712 | 0.11 Acre |
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 05/09/2024 @ 15:58
MLS: 599819559
LISTED BY: Kristina Khalifeh , Arterra Luxe Collection LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
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.