5981 University Place, Detroit, Michigan 48224

$79,000

Great Deal - This property is priced $13,544 below comparable homes in the area.

Property Details

MLS#: 20251013249
Bedrooms: 3
Bathrooms: 1
Square Feet: 964
Price per Sqft: $82
Lot Size: 0.12 acres
Year Built: 1948
Property Type: Residential
Status: Active
Days on Market: 202

Market Analysis

Estimated Value (CMA): $92,544
Area Avg Price/Sqft: $96
This Property: $82/sqft ($14 below area average)
Price Position: -15.0% vs comparable homes
Comparable Properties Analyzed: 1

Description

Great investment opportunity at 5981 University Pl, Detroit, MI! This tenant-occupied home, currently on Section?8, generates $995/month in steady rental income and offers solid long-term potential. Inside, you'll find a warm and inviting layout with hardwood floors, generous natural light, and charming vintage details. Located in a well-connected Detroit neighborhood close to schools, parks, shopping, and public transportation, it’s perfect for both investors seeking reliable cash flow and buyers considering occupancy after lease end. Showings by appointment only with accepted offer. Buyer’s agent to verify all information.

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 5981 University Place?

5981 University Place is listed at $79,000, or $82 per square foot.

How many bedrooms does 5981 University Place have?

This property has 3 bedrooms and 1 bathrooms, with 964 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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