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11337 Terry

Detroit, MI 48227
  • $58,900/mo.
  • STATUS: Active
  • ON SITE: 124 Days
  • MLS #: 2220022634
Rental
UPDATED: 22 min ago
$58,900/mo.
Rental
  • 3
    BEDS
  • 0.1
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,240
    SQFT
Neighborhood:
Type:
Rentals
Built:
1940
County:

School Ratings & Info

School District:

Description

Your home or the next cashcow in your portfolio current rent $900 a month and that is WAY below market value/average, great opportunity to increase rent and cashflow current lease is month to month! Nice 3 bedroom 1 bath All Brick Bungalow with covered front porch on a basement with fenced yard. Separate living and dining room, beautiful fireplace, spacious open second floor, and large 2 car garage. Cash or Conv. Home sold as is and buyer to pay any back water and taxes. Please do not disturb tenants this property is occupied. Due to COVID protocol there will be no showings on tenant occupied property without an accepted offer. All information to be confirmed by the buyer and/or their agent(s). Over 16% gross cash on cash return & beats the 1% rule! (1.384%) both @ current rent rate. Also add in complete tear off roof with new 3 dimensional shingles in 2022 really lowers your cap ex requirements!!! When comparing to other properties be sure to compare shingles to shingles

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©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-07T18:50:37.92.
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11337 Terry Detroit, MI 48227

  • Price: $58,900/mo.
  • Status: Active
  • On Site: 124 Days
  • Updated: 22 min ago
  • MLS #: 2220022634
3
Beds
1
Baths
0
½ Baths
0.1
Acres
1,240
SQFT
1940
Built
Neighborhood:
Ayers Park Sub (Plats)
County:
Wayne
Area:
Detroit (82001)
School District:
Detroit City School District
Property Description
Your home or the next cashcow in your portfolio current rent $900 a month and that is WAY below market value/average, great opportunity to increase rent and cashflow current lease is month to month! Nice 3 bedroom 1 bath All Brick Bungalow with covered front porch on a basement with fenced yard. Separate living and dining room, beautiful fireplace, spacious open second floor, and large 2 car garage. Cash or Conv. Home sold as is and buyer to pay any back water and taxes. Please do not disturb tenants this property is occupied. Due to COVID protocol there will be no showings on tenant occupied property without an accepted offer. All information to be confirmed by the buyer and/or their agent(s). Over 16% gross cash on cash return & beats the 1% rule! (1.384%) both @ current rent rate. Also add in complete tear off roof with new 3 dimensional shingles in 2022 really lowers your cap ex requirements!!! When comparing to other properties be sure to compare shingles to shingles
Exterior Features

Exterior Construction BrickVinyl Siding Exterior Features PatioPorch Foundation Type Basement Frontage 42 Garage Type Detached Garage Lot Size 42.00X108.00 Roads Paved Street Structure Style 1 1/2 Story Styles Bungalow Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Below Grade Sq Ft 600 Fireplace YN No Fuel Type Natural Gas Heating System Forced Air Total Rooms 7 Water Heater Gas

Property Features

Assessments Amount 0 Association Fee YN No Financial Terms CashConventional For Sale Or Rent For Sale Lease YN Yes Manufactured YN No Municipality Detroit Municipality Type City Occupancy Days Subject To Tenant Rights Principal Res Exempt YN No SEV 18200 Subject To Short Sale Approval No Summer Tax Amount 1070 Total Tax Amount 1199 Winter Tax Amount 129

Listing courtesy of Tradewinds Development Group, Llc : 248-209-6755.

Source MLS: MiRealSource
Originating MLS: Realcomp

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-07T18:50:37.92.
 
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The Tom Lipinski Team at Keller Williams Lakeside Market Center
45609 Village Blvd.
Shelby Township MI, 48315