Basics
Description
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Description:
Address: 11924 Wayburn, Detroit, MI 48224
Property Type: Single-Family Residential
Bedrooms: 3
Bathrooms: 1
Square Footage: 1,035 sqft
We are excited to present you with an exclusive off-market opportunity for a charming brick property located at 11924 Wayburn, Detroit, MI 48224. This property offers tremendous potential for investors seeking a profitable venture in the thriving Detroit real estate market.
Property Details:
Address: 11924 Wayburn, Detroit, MI 48224
Property Type: Single-Family Residential
Bedrooms: 3
Bathrooms: 1
Square Footage: 1,035 sqft
Current Status: The property is currently tenant-occupied, generating a stable monthly income of $700 on a month-to-month lease basis. This provides immediate cash flow and a hassle-free transition for the new owner. The tenant is willing to stay, making it an attractive investment opportunity for those seeking reliable rental income.
Potential: With just cosmetic updates required, this property is ideal for investors looking to add value through minimal renovations. Once updated, the market rent for similar properties in the area is estimated to be around $1,144 per month, offering a significant potential return on investment.
Location: Situated in a desirable neighborhood of Detroit, this property benefits from its convenient location, with easy access to schools, parks, shopping centers, and major transportation routes. The area has experienced recent revitalization efforts, making it an attractive destination for both renters and potential homebuyers.
Asking Price: $55,000 The asking price for this property presents an exceptional investment opportunity. With the potential for strong cash flow and substantial equity growth, this property is priced to sell quickly.
Please note that this is an off-market listing, and as such, we encourage interested buyers to act promptly. Opportunities like this don't come around often, and this property has the potential to be a lucrative addition to your investment portfolio.
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