$174,900 for Sale
3031 lawrence, detroit, MI 48206
| Beds 3 | Baths 1 | 1,964 Sqft | 0.10 Acres |
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Property Description
SECTION 8 TENANT PAYING $1,424/MONTH! THIS DETROIT BRICK HOME HAS BEEN SIGNIFICANTLY UPDATED - INCLUDING NEWER ROOF, MECHANICALS, PLUMBING, AND ELECTRICAL. PRICED AT $184,900 WITH AN ARV OF $260K+, THIS PROPERTY IS A PRIME BUY-AND-HOLD PLAY WITH HIGH FLIP POTENTIAL. WITH STANDARD INVESTOR FINANCING, IT DELIVERS A DOUBLE-DIGIT CASH-ON-CASH RETURN WHILE BUILDING EQUITY OVER TIME. ENJOY GUARANTEED RENTAL INCOME TODAY AND A HIGH-RETURN EXIT STRATEGY TOMORROW. LOCATED IN A STABLE, HIGH-DEMAND RENTAL POCKET. PROFESSIONALLY MANAGED. LOW MAINTENANCE. HIGH UPSIDE. SHOWINGS ONLY AFTER ACCEPTED OFFER - DO NOT DISTURB TENANT.
General Information
Sale Price: $174,900
Price/SqFt: $89
Status: Active
MLS#: 60924494
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: j w lathrups lawrence & collingwood aves
Acres: 0.1
Lot Dimensions: 35X127.25
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 1,964 sq.ft.
Acreage: 0.1 est.
Year Built: 1923
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1: 12x14
Bedroom 2 : 11x10
Bedroom 3: 12x10
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen: 12x12
Livingroom: 12x16
Pole Buildings:
Paved Road: Paved Street
Garage: No Garage
Exterior: Brick
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sanitary
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $1,067
Est. Winter Taxes: $650
HOA fees:
Information provided by East Central Association of REALTORS
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Listing By: Yasir Abulaban of Own It Realty, Phone: 313-395-0000
