$75,000
$69,900
7.3%For more information regarding the value of a property, please contact us for a free consultation.
7541 ARCHDALE Street Detroit, MI 48228
3 Beds
1 Bath
914 SqFt
Key Details
Sold Price $75,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 914 sqft
Price per Sqft $82
MLS Listing ID 20240085912
Sold Date 11/27/24
Bedrooms 3
Full Baths 1
Originating Board Realcomp
Year Built 1959
Annual Tax Amount $1,112
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 115.00
Property Description
Tremendous turn-key investment opportunity in desirable Warrendale subdivision. 3BR Ranch with hardwood floors in excellent condition. Tenant is long-term at $800/mo with six strong years of occupancy. This is a perfect home for new or out of state investors who want easy, passive income! Current CAP Rate is 13% and with a rent increase to the standard $1K per month, CAP soars to 17%. This is a winner! Priced to sell - won't last! Please do not disturb tenant. Qualified buyers only.
Location
State MI
County Wayne
Area Wayne County - 100
Direction Tireman to S. on Archdale
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Roof Type Asphalt
Garage No
Building
Story 1
Sewer Public
Water Public
Structure Type Brick,Vinyl Siding
Schools
School District Detroit
Others
Tax ID W22I072163S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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