9304 Otsego Street, Detroit, Michigan 48204

$85,000

Property Details

MLS#: 20261005000
Bedrooms: 3
Bathrooms: 2
Square Feet: 1,219
Price per Sqft: $70
Lot Size: 0.09 acres
Year Built: 1916
Property Type: Residential
Status: Active
Days on Market: 31

Market Analysis

Estimated Value (CMA): $35,351
Area Avg Price/Sqft: $29
This Property: $70/sqft ($41 above area average)
Price Position: +141.0% vs comparable homes
Comparable Properties Analyzed: 5

Description

REDUCED! LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 9304 OTSEGO NESTLED ON A 3,920 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW 40 YEAR TEAR OFF ROOF PROTECTING A SPACIOUS 3 BEDROOM UNIT. EVERY WINDOW IN THIS COMPOUND HADS BEEN REPLACED WITH VINYL CLAD INSULATED WINDOWS. SHE ALSO HAS BEEN CAREFULLY UPGRADED WITH NEWLY INSTALLED FURNACE AND NEW HOT WATER TANKS. IN ADDITION, THIS GEM SHOWCASES ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 YEAR SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1,419 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO JUST UNDER $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

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 9304 Otsego Street?

9304 Otsego Street is listed at $85,000, or $70 per square foot.

How many bedrooms does 9304 Otsego Street have?

This property has 3 bedrooms and 2 bathrooms, with 1,219 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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