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About the Listing 104654 - RC393477
Turnkey income-producing property - tenant in place, cash flowing from day one. This updated 3-bed, 1-bath bungalow is currently occupied by a cash-paying tenant on a one-year lease at $1,100/month, delivering a 14% ROI with 20% down. The property has been fully renovated - no deferred maintenance, no capital expenditure surprises. Updates include new flooring, fresh paint, updated lighting, a renovated kitchen with new cabinetry and countertops, and updated mechanicals in the full basement. Low-maintenance exterior means minimal ongoing upkeep costs. Layout offers strong rental flexibility: two main-floor bedrooms plus a large upper-level third bedroom that can serve as a flex space - attractive to a wide tenant pool. Private driveway and fenced yard add practical tenant appeal and support long-term retention. Conveniently located near major roads, shopping, and everyday amenities - a solid rental location that supports low vacancy risk. Ideal for the buy-and-hold investor seeking immediate cash flow!
Listing Highlights
Status
Active
Days on Site
80
Property Type
Residential
MLS ®
60980350
Year Built
1950
Total Square Footage
732
Lot/Acreage
0.08
County
Wayne
Neighborhood
Harrahs Norwood Sub
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 732
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 35X113
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $1,702
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
18027 Moenart Detroit, MI 48234
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