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Jim Blehm

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

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26120 Franklin Pointe Dr , Southfield, MI 48034
$164,000
Est. Payment: $364.44/mo
3 Bed
3 Bath
2020 Sqft
Status: Active | Days on site: 54
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House Description

Water and Gas covered by the HOA! Excellent investment opportunity with a long-term tenant already in place, making this a true turnkey rental. The current tenant has occupied the property for 8 years and pays $1,800 per month, providing immediate rental income from day one. This spacious 3-bedroom, 2.5-bath condo offers a functional two-story floor plan with generous room sizes, a private patio, and a finished basement for additional living space. The primary bedroom features its own private bathroom, and the layout has made this home a desirable long-term rental. Whether you're looking to expand your portfolio or purchase your first investment property, this is an opportunity to own an income-producing property with an established tenant already in place.

Highlights

Listed by Joseph Jajo , 586-262-9417 Community Choice Realty Inc , 248-729-0011.

Property Type

Condo/Townhome

HOA Fee

479 Monthly

Year Built

1971

County

Oakland

Neighborhood

Southfield City

School District

Southfield

Listing ID

20261057672

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Air Cond:Central Air
Fireplaces:
Other:
  • Additional:Basement Finished
Water:Public

Exterior Features

Sewer:Public
Principal Interest
$364
Taxes
$196
HOA
$479

Home Price

$164,000

Loan Details

30 yrs
%

Down Payment

20%
$32,800
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Monthly Price:
$364.44

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $364.44 $196.08 $479.00 $1,039.53
Yearly $4,373.33 $2,353.00 $5,748.00 $12,474.33
Total $131,200.00 $70,590.00 $172,440.00 $374,230.00

Today's Rates

30 Year

0%

20 Year

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15 Year

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