15514 Griggs Street, Detroit, Michigan 48238

$120,000

Property Details

MLS#: 20261027087
Bedrooms: 3
Bathrooms: 1
Square Feet: 2,366
Price per Sqft: $51
Lot Size: 0.09 acres
Year Built: 1938
Property Type: Residential
Status: Active
Days on Market: 138

Market Analysis

Estimated Value (CMA): $314,678
Area Avg Price/Sqft: $99
This Property: $51/sqft ($48 below area average)
Price Position: -49.0% vs comparable homes
Comparable Properties Analyzed: 3

Description

Attention Investors: Don't miss this opportunity to add this property to your portfolio! With a CAP rate slightly above 9% (excluding mortgage payments), this property is highly attractive. Located just steps from the M10, this home features 1,565 sqft of living space on a 3,789 sqft lot. The property boasts three spacious bedrooms on the upper level, plus the potential of fourth bedroom on the main floor. It also includes a spacious living room, dining room, kitchen, a partially finished basement, a two-car garage, and a backyard. Don't let this magnificent opportunity to make it yours!. The current tenant has lived in the home for five years, always paying on time; starting in June, they will be paying a monthly rent of $1,100.00, and they are interested in continuing to rent the property. Do not miss out on this excellent business opportunity. Schedule your showing today. B.A.T.V.A.I.

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 15514 Griggs Street?

15514 Griggs Street is listed at $120,000, or $51 per square foot.

How many bedrooms does 15514 Griggs Street have?

This property has 3 bedrooms and 1 bathrooms, with 2,366 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) 484-4696

Email: info@sonicrealty.com

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