$125,000 for Sale
13918 terry street, detroit, MI 48227
| Beds 3 | Baths 2 | 1,482 Sqft | 0.11 Acres |
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Property Description
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
General Information
Sale Price: $125,000
Price/SqFt: $84
Status: Active
MLS#: rcomi60958213
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: schoolcraft sub 3
Acres: 0.11
Lot Dimensions: 40X120
Bedrooms:3
Bathrooms:2 (2 full, 0 half)
House Size: 1,482 sq.ft.
Acreage: 0.11 est.
Year Built: 1925
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 10x10
Bedroom 2 : 10x10
Bedroom 3: 10x10
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen: 12x10
Livingroom: 14x16
Pole Buildings:
Paved Road: Paved Street
Garage: 3
Garage Description: Detached Garage
Exterior: Brick,Vinyl Siding
Basement: Yes
Basement Description: Partially Finished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $861
Est. Winter Taxes: $103
HOA fees:

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Listing By: Joseph Rauti of Century 21 Curran & Oberski, Phone: 313-274-7200