Overview
- Single Family Residence
- 3
- 1
- 2
- 1082
Description
Turnkey, fully renovated, and already income-producing! This solid brick bungalow in Detroit’s Morningside neighborhood is a great opportunity for an investor looking for immediate cash flow. The property is currently leased at $1,250 per month, allowing the new owner to begin collecting rental income from day one.
The home has been updated with new laminate flooring, fresh modern paint, new windows, and a fully renovated kitchen and bathroom. A new HVAC system will also be installed before closing, adding even more value and helping reduce future maintenance expenses.
With the renovations already completed and a tenant in place, there is no need to spend additional time or money preparing the property for rent. Based on a 20% down payment, the property offers an estimated 10% return on investment, making it a compelling buy-and-hold opportunity. Located near shopping, schools, parks, restaurants, and major roadways, this low-maintenance property offers a strong combination of affordability, condition, immediate income, and long-term investment potential.
Whether you are adding to your portfolio or purchasing your first rental property, this is an opportunity you do not want to miss. Please do not disturb the tenant. Schedule your showing today!
Nearby School
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High School District Detroit
