20320 Dresden Street, Detroit, Michigan 48205

$68,000

Property Details

MLS#: 20261070194
Bedrooms: 2
Bathrooms: 1
Square Feet: 679
Price per Sqft: $100
Lot Size: 0.11 acres
Year Built: 1948
Property Type: Residential
Status: Active
Days on Market: 2

Description

INVESTORS AND HOMEOWNERS—DON'T MISS THIS OPPORTUNITY! Solid 2-bedroom, 1-bath Detroit home offering approximately 700 sq. ft. of living space plus a full basement. Whether you're looking to add an income-producing property to your portfolio or an affordable home to make your own, this property offers flexibility, value and upside potential. For investors, a long-term tenant is currently in place and would like to remain, offering the opportunity for immediate rental income from day one. Area rental rates indicate potential for increased rental income, with approximately $1,250/month possible based on current market conditions; buyer to independently verify market rent and rental projections. Major mechanical improvements have already been addressed, including a newer HVAC/furnace system, while the roof is approximately 10 years old or less. The home is solid and functional, with primarily cosmetic updating offering an opportunity to further enhance value and long-term return. Not just for investors—owner-occupants can also take advantage of an affordable home with a full basement, brick and vinyl exterior, newer major mechanicals and the opportunity to personalize the property over time. ESTABLISHED TENANT. IMMEDIATE INCOME POTENTIAL. RENTAL UPSIDE. SOLID HOME. VALUE-ADD OPPORTUNITY. A versatile property with multiple paths for the next owner. Schedule your showing and take a closer look! Licensed real estate agent has an ownership interest in the selling LLC and a financial interest in the transaction

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 20320 Dresden Street?

20320 Dresden Street is listed at $68,000, or $100 per square foot.

How many bedrooms does 20320 Dresden Street have?

This property has 2 bedrooms and 1 bathrooms, with 679 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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