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Jim Blehm

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

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16237 Edmore Dr , Detroit, MI 48205
$78,000
Est. Payment: $173.33/mo
3 Bed
2 Bath
1016 Sqft
Status: Active | Days on site: 62
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House Description

Calling all investors looking to expand their rental portfolio! Don't miss this incredible opportunity to take over an income-producing property with a long-term tenant already in place. This classic brick bungalow features 3 bedrooms, 1 full bath, and 1 half bath. Located in the Regent Park neighborhood, the home faces beautiful Bringard Boulder Park which offers a serene, open green space, along with a playground, exercise equipment, and 2 pavilions, perfect for entertaining! This property is also only a short walk to the Regent Park Early Learning Center and Daycare. It is currently occupied by an excellent long-term tenant who has lovingly maintained the property for over 15 years. (See Agent Remarks for lease terms and additional details.) From the moment you arrive, you'll appreciate the impeccable curb appeal and spacious covered front porch. Step inside to a sparkling clean, stylish interior highlighted by beautiful original hardwood floors. The main level offers two spacious bedrooms with ample closet space and a tastefully updated full bathroom. Upstairs, the expansive loft with vaulted ceilings serves as a massive primary bedroom but also offers endless possibilities as a home office, playroom, or private retreat. The full basement provides abundant storage and excellent potential for future finishing. The mechanical systems have been well maintained and are all in good working order. Outside, you'll find an extended concrete driveway, a one-car garage, and a well-maintained, fenced-in backyard. Conveniently located on the city's east side, this home is just minutes from shopping, dining, and major expressways.

Highlights

Listed by Jessyca Enochs , 586-770-6427 New Michigan Realty, LLC , 844-639-6424.

Property Type

Residential

Lot/Acreage
0.12

Year Built

1948

County

Wayne

School District

Detroit

Listing ID

20261055396

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:1
  • 1/2 Bathrooms:1
Air Cond:Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Others:
  • Additional:Fenced Back, Porch(es)
Sewer:Public
Parking Features:Detached
Principal Interest
$173
Taxes
$418

Home Price

$78,000

Loan Details

30 yrs
%

Down Payment

20%
$15,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$173.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $173.33 $418.00 $0.00 $591.33
Yearly $2,080.00 $5,016.00 $0.00 $7,096.00
Total $62,400.00 $150,480.00 $0.00 $212,880.00

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.