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$ 85,000
Est. payment /mo
New
5279 Cadieux Road Detroit, MI 48224
3 Beds
2 Baths
1,161 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,161 sqft
Price per Sqft $73
MLS Listing ID 20261036864
Bedrooms 3
Full Baths 2
Year Built 1950
Annual Tax Amount $1,565
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40X111
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Tenant in place. Income from day one. Future upside built in. This professionally managed brick bungalow in Detroit's sought-after East English Village offers the kind of straightforward investment opportunity investors are actively looking for. Priced at $85,000, this 3-bedroom, 2-bath home with a 1.5-car garage comes with a tenant already in place through April 2027, generating $1,100/month in gross rent with the tenant paying all utilities. The current tenant has occupied the property since 2023, providing immediate stability, while current lease provides immediate income with room for future rental optimization.Major improvements completed in 2023, including the furnace, hot water heater, and basement waterproofing, help minimize deferred maintenance concerns, while professional management makes ownership transition simple. With established tenancy, strong neighborhood appeal, and immediate income, this is an ideal addition for investors seeking a low-friction portfolio acquisition. Lease, ledger and due diligence documentation available.
Location
State MI
County Wayne
Direction East of Chandler Park Dr, on Cadieux near Southampton St
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.5
View Y/N No
Garage Yes
Building
Story 2
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I075279C80
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by REMAX City Centre
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