5042 Pennsylvania Street, Detroit, Michigan 48213

$15,000

Property Details

MLS#: 20261032264
Bedrooms: 2
Bathrooms: 1
Square Feet: 1,353
Price per Sqft: $11
Lot Size: 0.09 acres
Year Built: 1915
Property Type: Residential
Status: Active
Days on Market: 122

Market Analysis

Estimated Value (CMA): $55,473
Area Avg Price/Sqft: $56
This Property: $11/sqft ($45 below area average)
Price Position: -80.0% vs comparable homes
Comparable Properties Analyzed: 4

Description

Tenant-occupied investment opportunity with a proven long-term rental history. Current tenant has occupied the property for decades and is currently paying $750/month. Rent ledger and lease documentation available upon request. Property is being sold as-is and is priced accordingly due to needed repairs and updates. Because the property is tenant occupied, an accepted offer is required prior to interior access or showings. Ask about additional investment opportunities available from the same owner, including a 3-property portfolio featuring professionally managed tenant-occupied homes. Portfolio or package pricing may be available with multiple purchases. Room dimensions are estimated. Seller is related to the agent. Flexible land contract terms available.

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 5042 Pennsylvania Street?

5042 Pennsylvania Street is listed at $15,000, or $11 per square foot.

How many bedrooms does 5042 Pennsylvania Street have?

This property has 2 bedrooms and 1 bathrooms, with 1,353 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) 484-4696

Email: info@sonicrealty.com

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