15865 Collingham Drive, Detroit, Michigan 48205

$85,000

Property Details

MLS#: 20261049808
Bedrooms: 3
Bathrooms: 2.5
Square Feet: 1,549
Price per Sqft: $55
Lot Size: 0.1 acres
Year Built: 1947
Property Type: Residential
Status: Active
Days on Market: 59

Market Analysis

Estimated Value (CMA): $89,842
Area Avg Price/Sqft: $56
This Property: $55/sqft ($1 below area average)
Price Position: -2.0% vs comparable homes
Comparable Properties Analyzed: 3

Description

Investor Special – High Cash Flow Opportunity! Well-maintained brick colonial located in a tree-lined street in Detroit. This spacious home features 3 bedrooms, 3 bathrooms, and is occupied by a long-term agency tenant, providing immediate, dependable income. The current tenant pays $1,250 per month ($15,000 annually), with the agency covering 100% of the rent. Recent updates include a newer roof, plumbing, electrical, furnace, and hot water tank, along with hardwood floors, updated bathrooms, and a detached garage, minimizing future maintenance costs. Take advantage of this strong-performing income property with reliable cash flow from day one. Please do not disturb the tenant. Showings will be provided only with an accepted offer. Property is being sold AS IS.

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 15865 Collingham Drive?

15865 Collingham Drive is listed at $85,000, or $55 per square foot.

How many bedrooms does 15865 Collingham Drive have?

This property has 3 bedrooms and 2.5 bathrooms, with 1,549 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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