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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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16191 Strathmoor St , Detroit, MI 48235
$95,000
Est. Payment: $211.11/mo
3 Bed
1 Bath
1100 Sqft
Status: Active | Days on site: 65
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43149702 - 424498
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House Description

This beautifully renovated bungalow is a truly turnkey investment opportunity! Extensively remodeled on the interior in 2024, the home is currently tenant-occupied at $1,200 per month, providing immediate cash flow from day one with future upside through potential rent increases.The current tenant is up to date on rent, takes great care of the property, and would love to remain, offering added stability for the next owner. The home is professionally managed by a local property management company, giving buyers the option to continue management for a seamless transition or self-manage if preferred.Conveniently located on Detroit's west side with easy access to shopping, dining, major roadways, and public transportation, this is a solid, income-producing opportunity in Detroit's growing rental market.Subject to tenant's rights. Please do not disturb the tenant. No showings without an accepted offer. Photos were taken prior to tenant occupancy.

Highlights

Listed by Ryan Lonsway , 248-765-7691 Real Broker, LLC Troy , 517-200-3245.

Property Type

Residential

Lot/Acreage
0.09

Year Built

1940

County

Wayne

School District

Detroit

Listing ID

20261053994

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Water:Public

Exterior Features

Sewer:Public
Principal Interest
$211
Taxes
$465

Home Price

$95,000

Loan Details

30 yrs
%

Down Payment

20%
$19,000
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Monthly Price:
$211.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $211.11 $464.58 $0.00 $675.69
Yearly $2,533.33 $5,575.00 $0.00 $8,108.33
Total $76,000.00 $167,250.00 $0.00 $243,250.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.