13918 Terry Street, Detroit, Michigan 48227

$125,000

Property Details

MLS#: 20251059204
Bedrooms: 3
Bathrooms: 2
Square Feet: 2,282
Price per Sqft: $55
Lot Size: 0.11 acres
Year Built: 1925
Property Type: Residential
Status: Active
Days on Market: 30

Market Analysis

Estimated Value (CMA): $54,768
Area Avg Price/Sqft: $24
This Property: $55/sqft ($31 above area average)
Price Position: +129.0% vs comparable homes
Comparable Properties Analyzed: 1

Description

Excellent turnkey investment opportunity in Detroit! 13918 Terry St is fully renovated and occupied with a new and vetted tenant paying $1,500 per month. Offered at only $125,000, this property delivers an outstanding 14.4% cap rate from day one. Complete renovation includes new paint, windows, electrical, plumbing, furnace, water heater, kitchen and baths. Do not forget the rare and massive 3 car garage in the oversized backyard. Valid City of Detroit Certificate of Occupancy and Certificate of Compliance on file; property meets all rental standards and is Section 8 eligible. Current tenant is on a market-rate lease; full documentation, lead clearance, and tenant info available upon request. Ideal for hands-off or out-of-state investors seeking immediate cash flow in a strong rental submarket. Do not miss this rare combination of condition, occupancy, and return. Priced for quick sale. BATVAI

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 13918 Terry Street?

13918 Terry Street is listed at $125,000, or $55 per square foot.

How many bedrooms does 13918 Terry Street have?

This property has 3 bedrooms and 2 bathrooms, with 2,282 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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