MI
Wayne
Detroit City
48235
18024 Fenmore Street
18024 Fenmore Street, Detroit City, MI 48235
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Listing Type
Single Family
Listing Status
active
15
$164,900

Home Details for 18024 Fenmore Street

Price
$164,900
Type
Residential
Bedrooms
3
Bathrooms
2.0
Square feet
1365
Year built
1947
Lot size acres
0.1
County
Wayne
Total rooms
6
Garage
2
Basement
Unfinished
Days on site
51
MLS Listing#
20251023578
Property Description

SECTION 8 RENTAL — TENANT PAYING $1,600/MONTH! MAJOR UPDATES INCLUDE NEWER ROOF, MECHANICALS, AND ELECTRICAL SYSTEMS. PRICED AT $174,900, THIS TURNKEY PROPERTY OFFERS STRONG, GUARANTEED CASH FLOW FROM DAY ONE. WITH STANDARD INVESTOR FINANCING, THIS ASSET DELIVERS A DOUBLE-DIGIT CASH-ON-CASH RETURN — RARE FOR DETROIT AT THIS QUALITY LEVEL. ARV IS $200K–$220K, GIVING BUY-AND-HOLD INVESTORS A PERFECT EXIT STRATEGY AFTER YEARS OF RENT COLLECTION. PROPERTY IS LOCATED IN A SOLID, HIGH-DEMAND RENTAL POCKET. LOW MAINTENANCE. LONG-TERM UPSIDE. SHOWINGS ONLY AFTER ACCEPTED OFFER — DO NOT DISTURB TENANT.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • None
  • Water Features
    • Public
  • Parking
    • Detached
  • Basement
    • Unfinished
Listing Courtesy: Own It Realty - 313-395-0000
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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