16514 Burt Road, Detroit, Michigan 48219

$79,900

Property Details

  • MLS#: 20261062084
  • Bedrooms: 3
  • Bathrooms: 1
  • Square Feet: 858
  • Price per Sqft: $93
  • Lot Size: N/A
  • Year Built: 1942
  • Property Type: Residential
  • Transaction: For Sale
  • Listing Status: Active
  • Days on Market: 62

Tax and Assessment Information

Tax and assessment information is unavailable.

Description

FULLY TENANT-OCCUPIED SECTION-8 INVESTMENT PROPERTY RENTED AT $905/MONTH — BELOW MARKET VALUE — WITH A LONG-TERM TENANT OF OVER?8?YEARS. CURRENT RENT IS SIGNIFICANTLY BELOW AVERAGE FOR THE AREA AND CAN BE INCREASED TO THE CURRENT FAIR MARKET RENT OF $1,630/MONTH FOR A 3-BED WITH A 60-DAY NOTICE. LISTED AT $84,900, THIS PROPERTY OFFERS STABLE, GUARANTEED INCOME AND STRONG UPSIDE POTENTIAL. LOCATED IN A SOLID RENTAL POCKET OF WEST DETROIT, THIS 3-BEDROOM BUNGALOW IS PROFESSIONALLY MANAGED AND REQUIRES NO REHAB. RECENT UPGRADES INCLUDE A NEW ROOF, NEW MECHANICALS, AND OTHER MAJOR COMPONENTS, MAKING THIS A LOW-MAINTENANCE, TURNKEY ASSET. WITH 20% DOWN AND STANDARD INVESTOR FINANCING, THIS IS A HIGH-YIELD OPPORTUNITY THAT DELIVERS CONSISTENT RETURNS. TAXES AND INSURANCE ARE AFFORDABLE, AND THE TENANT’S LONG HISTORY REDUCES TURNOVER RISK. IDEAL FOR LOCAL OR OUT-OF-STATE INVESTORS SEEKING RELIABLE CASH FLOW WITH MINIMAL HEADACHES. SHOWINGS ONLY AFTER ACCEPTED OFFER. DO NOT DISTURB TENANT. PROOF OF FUNDS OR PRE-APPROVAL REQUIRED.

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 16514 Burt Road?

16514 Burt Road is listed at $79,900, or $93 per square foot.

How many bedrooms does 16514 Burt Road have?

This property has 3 bedrooms and 1 bathrooms, with 858 square feet of living space.

Ask about this property

This record includes a property-access restriction. Contact Sonic Realty to ask a question or verify the current listing status; do not rely on this page as an invitation to enter.

Phone: (313) 484-4696

Email: info@sonicrealty.com

Similar Homes for Sale in Detroit

Browse Detroit Real Estate

Real Estate Resources