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11822 Promenade

Detroit, MI 48213
  • $229,900
  • STATUS: Active
  • ON SITE: 183 Days
  • MLS #: 58050120876
UPDATED: 18 min ago
$229,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 3,022
    SQFT
  • $76
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Lot Size Dimensions:
35x149

School Ratings & Info

School District:

Description

This fully renovated duplex would be the ideal investment for an investor looking for a turnkey rental that has annual income of $33,600 with section 8 tenants in place. One unit $1500 a month and second unit $1300 a month. Each unit is 3 bed 1 1/2 baths! Enjoy low stress investing knowing that everything is brand new therefor your future capital expenses are estimated to be extremely low. Roof (2023) furnace (2023) plumbing (2023) brand new luxury vinyl plank flooring (2023)... the list goes on! In addition to immense cash flow, this home is located in the quickly appreciating East Outer Drive Community. You will be 15 minutes to Downtown Detroit and 15 minutes to Grosse Pointe. This home is right off of Gratiot Avenue for quick access to everything Metro Detroit has to offer but is also located on a quite street with opportunity to expand with vacant side lots that can be purchased from the Detroit Land Bank for $100. Hot water tank and furnace will be installed prior to buyer inspection Alarm system is installed but not included with the home. However, buyers have the option to keep it by signing up with the current alarm company's service.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-03T21:58:40.2.
www.real5.com/homes/143041437
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11822 Promenade Detroit, MI 48213

  • Price: $229,900
  • Status: Active
  • On Site: 183 Days
  • Updated: 18 min ago
  • MLS #: 58050120876
0
Beds
2
Baths
2
½ Baths
0.12
Acres
3,022
SQFT
$76
$/SQFT
1926
Built
Neighborhood:
Stevens Estate
County:
Wayne
Area:
Det Con-mors/Grat. Hstn/7 Mack
School District:
DETROIT
Property Description
This fully renovated duplex would be the ideal investment for an investor looking for a turnkey rental that has annual income of $33,600 with section 8 tenants in place. One unit $1500 a month and second unit $1300 a month. Each unit is 3 bed 1 1/2 baths! Enjoy low stress investing knowing that everything is brand new therefor your future capital expenses are estimated to be extremely low. Roof (2023) furnace (2023) plumbing (2023) brand new luxury vinyl plank flooring (2023)... the list goes on! In addition to immense cash flow, this home is located in the quickly appreciating East Outer Drive Community. You will be 15 minutes to Downtown Detroit and 15 minutes to Grosse Pointe. This home is right off of Gratiot Avenue for quick access to everything Metro Detroit has to offer but is also located on a quite street with opportunity to expand with vacant side lots that can be purchased from the Detroit Land Bank for $100. Hot water tank and furnace will be installed prior to buyer inspection Alarm system is installed but not included with the home. However, buyers have the option to keep it by signing up with the current alarm company's service.
Exterior Features

Architecture Level 2 Story Architecture Style Colonial Foundation Details Basement Foundation Materials Block Lot Size Dimensions 35x149 Waterfront YN No

Interior Features

Basement YN Yes Baths Total 2.20 Fireplace YN No Heating Forced AirSeparate Meters Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 3022

Property Features

Down Payment Resource YN No Homestead YN No Land Contract YN No Listing Financing CashConventionalFHAVA Net Operating Income 36000.00 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Postal City Detroit Settlement City Sewer Public Sewer (Sewer-Sanitary)Sewer at Street Short Sale No Tax Amount Summer 0.0000 Tax Amount Winter 0.0000 Title Standard (Private) Unparsed Address 11822 Promenade Water Source Water at Street

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via EXP Realty LLC: (269) 600-4397 and MiRealSource, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-03T21:58:40.2.
 
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