9200 King Richard Street, Detroit City, Michigan 48224
$99,900
Property Details
- MLS#: 81025041337
- Bedrooms: 3
- Bathrooms: 1.5
- Square Feet: 1,310
- Price per Sqft: $76
- Lot Size: 0.13 acres
- Year Built: 1928
- Property Type: Residential
- Status: Active
- Days on Market: 176
Market Analysis
- Estimated Value (CMA): $77,290
- Area Avg Price/Sqft: $59
- This Property: $76/sqft ($17 above area average)
- Price Position: +42.0% vs comparable homes
- Comparable Properties Analyzed: 3
Description
I've got a move-in ready opportunity in a strong rental and resale pocket of Detroit that your cash buyer will love:3 Beds \ 1.5 Bath \ 1,310 Sq Ft \ Built 1928Newly Renovated Ready to CloseAsking Price: $99,900Why this is a winner:Strong rental comps & resale demand in the areaFully renovated = no rehab headachesGreat ROI potential for investors or a turnkey addition to their portfolioIf you have a serious cash buyer, this is the one to put in front of them today. Properties like this don't sit long.( ACT FAST ( Hot deal in a strong rental and resale area. This won't last!
=?? Address: 9200 King Richard St, Detroit, MI 48224
? Property Type: Fully Renovated Brick Single Family Home
=?? Year Built: 1928
=?? Beds/Baths: 3 Bed / 1 Bath
=?? Sq Ft: 1,310 sq ft
Lot Size: 5,663 sq ft
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=?? INVESTMENT HIGHLIGHTS
" Turnkey Condition Recently fully renovated inside and out
Here's your breakdown for a $135,000 FHA loan at 7% interest, with $2,763 yearly taxes and $1,200 yearly insurance:
" Principal & Interest (PI): $866.72/month
" Taxes: $230.25/month
" Insurance: $100.00/month
" Total PITI: $1,200/month
________________________________________
=?? PRICING
" =??? Asking Price: $135,000
" Buyer pays all closing costs
" Clean title, ready to close
________________________________________
= ACCESS & TERMS
" Property is vacant & secured
" Lockbox access available upon request
________________________________________
=?? CONTACT
Jorge Cortes
Phone: 786-290-3795 Email: jctrealestateinvestments@gmail.com
Location
This property is located in Detroit City, Michigan. Detroit City is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 9200 King Richard Street?
9200 King Richard Street is listed at $99,900, or $76 per square foot.
How many bedrooms does 9200 King Richard Street have?
This property has 3 bedrooms and 1.5 bathrooms, with 1,310 square feet of living space.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
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