7345 PENROD STREET
Detroit, MI 48228
800 sqft | 2 beds | 1 bath | 0.12 acres | #20250010414
Description
Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1050/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023, rent increased as of June 2024. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**
Property Details
- Property SubtypeSingleFamilyResidence
- SubdivisionWESTHAVEN (PLATS)
- FoundationBasement, Block
- StoriesOneandOneHalf
- Sewer InformationPublicSewer
- MLS #20250010414
- Parcel NumberW22I078199S
- MLS #20250010414
- Basement DescriptionUnfinished
- Parking FeaturesNoGarage
- Property TypePurchase
- School DistrictDetroit
- Original List Price$69,000
- Parking TypeGarage
- Utility SourcePublic
- Taxes Annual$1,233
- CountyWayne
- Cost69000
- Acres0.12
- Year Built1939
- Square Feet800
- Bedrooms2
- Bathrooms1
- Full Baths1
- Basement1
- Basement Finished1
- Days on Market (Cumulative)9
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Bailee Clanton (#446602), Email: bclanton.realestate@gmail.com
Listing Office: Home Source Realty LLC (#413042)
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