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Jim Blehm

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

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120 Woodland St , Detroit, MI 48202
$284,900
Est. Payment: $633.11/mo
5 Bed
4 Bath
2318 Sqft
Status: Active | Days on site: 86
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House Description

ATTENTION INVESTORS! Turnkey, income-producing opportunity at 120 Woodland Street, Detroit, MI! This beautifully remodeled 3-level property is professionally appraised at $315,000 and comes with a reliable tenant already in place paying $2,600 per month on a 12-month lease. The tenant has a strong history of paying rent on time, providing immediate cash flow of $31,200 in gross annual rental income from day one. Offering 2318 sq ft, this spacious home features 5 bedrooms, 2.5 updated bathrooms, new flooring, modern finishes, and a beautifully renovated kitchen with granite countertops, stylish cabinetry, and newer appliances. The partially finished basement provides additional usable space, while the oversized backyard adds even more tenant appeal. Ideally located just minutes from New Center and approximately 10 minutes from Downtown Detroit, with convenient access to restaurants, shopping, entertainment, major employers, and freeways. Whether you're expanding an existing port

Highlights

Listed by Sotero Lopez , 586-863-3300 eXp Realty, LLC , 888-501-7085.

Property Type

Residential

Lot/Acreage
0.12

Year Built

1908

County

Wayne

Neighborhood

Woodland (Plats)

School District

Detroit

Listing ID

26022870

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Microwave, Range, Refrigerator
Floor:Wood
Basement:Full
Water:Public

Exterior Features

Sewer:Public
Principal Interest
$633
Taxes
$182

Home Price

$284,900

Loan Details

30 yrs
%

Down Payment

20%
$56,980
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:
$633.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $633.11 $181.62 $0.00 $814.73
Yearly $7,597.33 $2,179.49 $0.00 $9,776.82
Total $227,920.00 $65,384.55 $0.00 $293,304.55

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.