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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 125,000

Est. payment | -/mo

5 Beds

2 Baths

1,500 SqFt

Save

$ 125,000

Est. payment | -/mo

Save

5 Beds

2 Baths

1,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $83

MLS Listing ID 20261056866

Bedrooms 5

Full Baths 2

Year Built 1950

Annual Tax Amount $49

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35X120

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

This renovated 5-bedroom, 2-bath bungalow is currently tenant occupied with a lease generating $1,500 per month ($18,000 annually), providing immediate rental income from day one. The property was acquired in 2023 and extensively renovated prior to tenant occupancy, offering a low-maintenance investment with strong long-term appreciation potential. Featuring approximately 1,500 square feet of living space, a functional floor plan, and established rental history, this property is an excellent addition to any investor's portfolio. Photos taken prior to tenant occupancy are available upon verification of proof of funds. Tenant occupied—please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.

Location

State MI

County Wayne

Direction Travel South on Chalmers, past E Warren Ave

Interior

Heating Forced Air

Exterior

Exterior Feature Porch(es)

View Y/N No

Roof Type Asphalt

Garage No

Building

Story 2

Sewer Public

Water Public

Structure Type Aluminum Siding,Vinyl Siding

Schools

School District Detroit

Others

Tax ID W21I056005S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by EXP Realty Main

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

4625 Chalmers Street Detroit, MI 48215

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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4625 Chalmers Street