27017 Florence Street, Inkster, Michigan 48141

$82,000

Great Deal - This property is priced $8,288 below comparable homes in the area.

Property Details

MLS#: 20251055290
Bedrooms: 3
Bathrooms: 1
Square Feet: 912
Price per Sqft: $90
Lot Size: 0.16 acres
Year Built: 1954
Property Type: Residential
Status: Active
Days on Market: 95

Market Analysis

Estimated Value (CMA): $90,288
Area Avg Price/Sqft: $99
This Property: $90/sqft ($9 below area average)
Price Position: -9.0% vs comparable homes
Comparable Properties Analyzed: 2

Description

This is an exceptional opportunity to acquire a cash-flowing investment property priced below market value, offering strong returns that easily surpass the 1% rule. The major capital expenditure items have already been addressed: a new roof, new furnace, and new hot water tank are in place, alongside a recently completed interior facelift that includes a full bathroom remodel. The property is currently professionally managed and has a tenant in place that is currently paying $1150/mo with an active lease in place. Here is your opportunity to pick up a property below market value and start generating strong cash flow immediately from day one!

Location

This property is located in Inkster, Michigan. Inkster is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 27017 Florence Street?

27017 Florence Street is listed at $82,000, or $90 per square foot.

How many bedrooms does 27017 Florence Street have?

This property has 3 bedrooms and 1 bathrooms, with 912 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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