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About the Listing 98846 - 742882,622647
Excellent turnkey investment opportunity in Detroit! 13918 Terry St is fully renovated and occupied with a new and vetted tenant paying $1,500 per month. Offered at only $125,000, this property delivers an outstanding 14.4% cap rate from day one. Complete renovation includes new paint, windows, electrical, plumbing, furnace, water heater, kitchen and baths. Do not forget the rare and massive 3 car garage in the oversized backyard. Valid City of Detroit Certificate of Occupancy and Certificate of Compliance on file; property meets all rental standards and is Section 8 eligible. Current tenant is on a market-rate lease; full documentation, lead clearance, and tenant info available upon request. Ideal for hands-off or out-of-state investors seeking immediate cash flow in a strong rental submarket. Do not miss this rare combination of condition, occupancy, and return. Priced for quick sale. BATVAI
Listing Highlights
Status
Active
Days on Site
8
Property Type
Residential
MLS ®
60958213
Year Built
1925
Total Square Footage
1,482
Lot/Acreage
0.11
County
Wayne
Neighborhood
Schoolcraft Sub 3
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1482
- Below Ground Sq Ft: 800
- Basement: Partially Finished
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: 3 car
- Lot Dimensions: 40X120
- Roof:
- Others:
- Sewer:
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $964
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
13918 Terry Detroit, MI 48227
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