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Jim Blehm

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

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20320 Dresden St , Detroit, MI 48205
$65,000
Est. Payment: $144.44/mo
2 Bed
1 Bath
679 Sqft
Status: Active | Days on site: 13
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House Description

INVESTORS AND HOMEOWNERS—DON'T MISS THIS OPPORTUNITY! Solid 2-bedroom, 1-bath Detroit home offering approximately 700 sq. ft. of living space plus a full basement. Whether you're looking to add an income-producing property to your portfolio or an affordable home to make your own, this property offers flexibility, value and upside potential.For investors, a long-term tenant is currently in place and would like to remain, offering the opportunity for immediate rental income from day one. Area rental rates indicate potential for increased rental income, with approximately $1,250/month possible based on current market conditions; buyer to independently verify market rent and rental projections.Major mechanical improvements have already been addressed, including a newer HVAC/furnace system, while the roof is approximately 10 years old or less. The home is solid and functional, with primarily cosmetic updating offering an opportunity to further enhance value and long-term return.Not just for investors—owner-occupants can also take advantage of an affordable home with a full basement, brick and vinyl exterior, newer major mechanicals and the opportunity to personalize the property over time.ESTABLISHED TENANT. IMMEDIATE INCOME POTENTIAL. RENTAL UPSIDE. SOLID HOME. VALUE-ADD OPPORTUNITY. A versatile property with multiple paths for the next owner. Schedule your showing and take a closer look!Licensed real estate agent has an ownership interest in the selling LLC and a financial interest in the transaction

Highlights

Listed by Maynard Neal , 248-687-9308 NERG Real Estate Experts , 586-983-8686.

Property Type

Residential

Lot/Acreage
0.11

Year Built

1948

County

Wayne

School District

Detroit

Listing ID

20261070194

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Basement:Daylight
Other:
  • Additional:Master on Main
Water:Public

Exterior Features

Sewer:Public
Parking Features:Detached
Principal Interest
$144
Taxes
$186

Home Price

$65,000

Loan Details

30 yrs
%

Down Payment

20%
$13,000
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:
$144.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $144.44 $185.58 $0.00 $330.03
Yearly $1,733.33 $2,227.00 $0.00 $3,960.33
Total $52,000.00 $66,810.00 $0.00 $118,810.00

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.