$50,000
For Sale

19640 HOOVER STREET

Detroit, MI 48205
884 sqft | 3 beds | 1 bath | 0.12 acres | #20250019731
Type:Purchase
Structure:House
Zone:Residential

Description

Now offering 19640 Hoover Rd in Detroit, Mi, an amazing opportunity for an investor to add to their rental portfolio. Currently operating at a 26.4% cap rate, this home has been recently renovated by the landlord. A long term cash paying tenant is in place and would love nothing more than to stay. This unit has been cared for and maintained by the landlord to make for an easy transition to a new property owner or management team. For interested buyers, this landlord has multiple other single family owner occupied units for sale, all averaging 20% or better ROI.

  • Property Details
      • Parking FeaturesOneCarGarage, Detached
      • Property SubtypeSingleFamilyResidence
      • FoundationBasement, Block
      • Sewer InformationPublicSewer
      • MLS #20250019731
      • Parcel NumberW21I036306S
      • MLS #20250019731
      • Basement DescriptionUnfinished
      • SubdivisionTWIN PINES
      • Property TypePurchase
      • School DistrictDetroit
      • Original List Price$50,000
      • Parking TypeGarage
      • Utility SourcePublic
      • Taxes Annual$1,233
      • CountyWayne
      • Cost50000
      • Acres0.12
      • Year Built1950
      • Square Feet884
      • Bedrooms3
      • Bathrooms1
      • Full Baths1
      • Stories1
      • Parking Spaces1
      • Basement1
      • Basement Finished1
      • Days on Market (Cumulative)9

Location

Veneesha SlaterReal Estate Group
OR

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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