$73,000
$83,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
19229 PELKEY Street Detroit, MI 48205
4 Beds
1 Bath
1,165 SqFt
Key Details
Sold Price $73,000
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,165 sqft
Price per Sqft $62
Subdivision Vandammes Sub (Plats)
MLS Listing ID 20240069253
Sold Date 12/12/24
Style Bungalow
Bedrooms 4
Full Baths 1
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1946
Annual Tax Amount $1,900
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 47 x 120
Property Sub-Type Bungalow
Property Description
This 3 bedroom, 1-bath brick home with a 2-car garage is the perfect addition to your investment portfolio. Currently tenant-occupied with a Section 8 tenant paying $1,500 per month, this property offers a strong cash flow and an impressive 14.8% cap rate. Enjoy easy access to local amenities and major roadways, making this property not only a solid investment but also a convenient location for tenants. Don't miss out on this cash-flowing opportunity to expand your real estate holdings!
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Direction N of E 7 Mile/W of Schoenherr
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Parking Features Detached
Garage Description 2 Car
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Warranty No
Level or Stories 1 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID 21030121.
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 1946
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Reach Realty Group