10361 Somerset Avenue, Detroit, Michigan 48224
$110,000
Property Details
- MLS#: 20261090396
- Bedrooms: 4
- Bathrooms: 1.5
- Square Feet: 1,364
- Price per Sqft: $81
- Lot Size: N/A
- Year Built: 1938
- Property Type: Residential
- Transaction: For Sale
- Listing Status: Active
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
INVESTOR SPECIAL – SECTION 8 TENANT IN PLACE! INCOME-PRODUCING PROPERTY! Don't miss this investment opportunity at 10361 Somerset, Detroit, MI 48224! This property features an established Section 8 tenant currently generating $1,688 in monthly rental income, providing investors with an immediate cash-flow opportunity from day one. The tenant's portion of the monthly rent is only $68, while Section 8 covers the remaining $1,620, subject to program requirements and continued eligibility. That's $20,256 in scheduled annual rental income! Skip the hassle of finding a tenant and start with an occupied rental property. Whether you're expanding your rental portfolio or looking for your next income-producing investment, this property deserves your attention. Opportunities like this are worth considering. Don't wait! Submit your offer today before it's gone!
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 10361 Somerset Avenue?
10361 Somerset Avenue is listed at $110,000, or $81 per square foot.
How many bedrooms does 10361 Somerset Avenue have?
This property has 4 bedrooms and 1.5 bathrooms, with 1,364 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: info@sonicrealty.com
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