6561 Firwood Street, Detroit, Michigan 48210

$95,999

Property Details

MLS#: 20251006345
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,231
Price per Sqft: $78
Lot Size: 0.07 acres
Year Built: 1917
Property Type: Residential
Status: Active
Days on Market: 290

Market Analysis

Estimated Value (CMA): $38,161
Area Avg Price/Sqft: $31
This Property: $78/sqft ($47 above area average)
Price Position: +152.0% vs comparable homes
Comparable Properties Analyzed: 2

Description

Welcome to this charming three-bedroom colonial located just minutes from Downtown Detroit! This property offers a perfect opportunity for either a first-time homebuyer or a savvy investor looking to add a strong-performing asset to their portfolio. This turnkey investment opportunity generating $15,000 annually with a projected 15% gross ROI is perfect for an investor trying to add to the portfolio. Updated kitchen, updated bathroom, updated plumbing, electrical and mechanicals. Currently tenant-occupied on a month-to-month lease at $1,250/month, this home provides immediate income with the flexibility to continue renting or transition to an owner-occupant. Annual Income is $15000 per year. The ROI is 15.6%. PLEASE DO NOT DISTURB THE TENANTS. Inside, you’ll find: • Updated interior with fresh carpet and neutral paint throughout • Bright living room with natural light • Formal dining room • Spacious kitchen with room for storage and customization • Enclosed front porch perfect for morning coffee or evening relaxing • Unique upper-level four-seasons room off the bathroom — ideal for office space, lounge, nursery or reading nook. Located close to multiple major freeways and only 5 minutes from Downtown, Corktown, Wayne State, Midtown, dining, entertainment, and more. Whether you’re investing or looking to live in a well-situated home with character, this one checks the boxes. Schedule your showing today!

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 6561 Firwood Street?

6561 Firwood Street is listed at $95,999, or $78 per square foot.

How many bedrooms does 6561 Firwood Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,231 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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