Overview
- Single Family Residence
- 3
- 2
- 1
- 1161
Description
Tenant in place. Income from day one. Future upside built in. This professionally managed brick bungalow in Detroit’s sought-after East English Village offers the kind of straightforward investment opportunity investors are actively looking for. Priced at $85,000, this 3-bedroom, 2-bath home with a 1.5-car garage comes with a tenant already in place through April 2027, generating $1,100/month in gross rent with the tenant paying all utilities. The current tenant has occupied the property since 2023, providing immediate stability, while current lease provides immediate income with room for future rental optimization.
Major improvements completed in 2023, including the furnace, hot water heater, and basement waterproofing, help minimize deferred maintenance concerns, while professional management makes ownership transition simple. With established tenancy, strong neighborhood appeal, and immediate income, this is an ideal addition for investors seeking a low-friction portfolio acquisition. Lease, ledger and due diligence documentation available.
Nearby School
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High School District Detroit
