$69,900 for Sale

7345 penrod street, detroit, MI 48228

Beds 2 Baths 1 800 Sqft 0.12 Acres 1 of 1
Property Description
Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1000/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023. 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.**
General Information
Sale Price: $69,900
Price/SqFt: $87
Status: Active
MLS#: rcomi20230104831
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: westhaven (plats)
Acres: 0.12
Lot Dimensions: 40.00 x 138.00
Bedrooms:2
Bathrooms:1   (1 full, 0 half)
House Size: 800 sq.ft.
Acreage: 0.12 est.
Year Built: 1939
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 
Bedroom 2 : 
Bedroom 3: 
Bedroom 4: 
Family Room: 
Greatroom: 
Dinning Room: 
Kitchen: 
Livingroom: 
Pole Buildings: 
Paved Road:  Paved
Garage:  No Garage
Construction:  Brick,Vinyl
Exterior:  Brick,Vinyl
Basement:  Yes
Basement Description:  Unfinished
Foundation :  Basement
Heating:  Forced Air
Fuel:  Natural Gas
Waste:  Public Sewer (Sewer-Sanitary)
Watersource:  Public (Municipal)
Tax, Fees & Legal
Home warranty:  No
Est. Summer Taxes:  $1,095
Est. Winter Taxes:  $100
Legal Description:  W PENROD 314 AND E 9 FT OF VAC ALLEY ADJ WESTHAVEN SUB L40 P75 PLATS, W C R 22/213 40 X 138


IDX provided courtesy of Realcomp II Ltd. via Atlas Real Estate and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders Listing By: Bailee Clanton of Home Source Realty LLC, Phone: (313) 384-5731
810-636-3400 Call Jeff Dawley for more information about this property.

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This Home located at
7345 penrod street, detroit MI 48228
is currently for sale priced at $69,900 and was listed on March, 03, 2024 and has been on the market for 75 days and was last updated on May, 02, 2024.

7345 penrod street has 2 bedrooms, 1 bathrooms, and approximately 800 square feet. This home is in the detroit school district and has a lot size of 40.00 x 138.00 with 0.12 acres and was built in 1939. 7345 penrod street is in the 48228 ZIP Code area of detroit.

If you have any question about this property or any others, please don't hesitate to contact me.