HOUSE FOR SALE IN DETROIT, MICHIGAN

7522 FORRER ST, DETROIT, MI 48228

HOUSE FOR SALE IN DETROIT, MICHIGAN

7522 FORRER ST, DETROIT, MI 48228

$58,000 USD

FOOTAGE: 1065 sq ft
ROOMS: 3 – BATHROOMS: 1

MONTHLY PAYMENTS:
FROM $149 USD

DOWN PAYMENT: 
FROM $11,600 USD

ABOUT THE PROPERTY

Discover this charming, fully renovated home located in Detroit on the northwest side of the city. This brick bungalow is situated just west of the Detroit border with the upscale suburb of Dearborn. It has been completely renovated, including all mechanical systems, and is currently leased to a long-term tenant.

What’s most surprising is that this property is priced below $60,000, making it an incredible opportunity. Very few properties with good performance in attractive neighborhoods are sold at this price point. Additionally, it is located near good schools and a wealth of shopping options in neighboring Dearborn.

This area is also home to major employers such as Ford Motor Company, Beaumont Health Systems, and Carhartt, all just minutes away. Furthermore, the prospects for capital appreciation are excellent as prices in adjacent neighborhoods, such as Copper Canyon, continue to rise.

With 3 bedrooms, 1 bathroom, and 99 square meters of space, this property offers both comfort and potential. Overall, it presents an excellent investment opportunity.

AREAS

DETAILS

  • BEDROOMS: 3
  • FLOORS: 1
  • BATHROOMS: 1
  • GARAGE: 1
  • BEDROOMS: 3
  • BATHROOMS: 1
  • FLOORS 1
  • GARAGE: 1

CONSTRUCTION

  • LAND AREA: 5220 SQ FT
  • TYPE: HOUSE
  • BUILT AREA: 1065 SQ FT
  • CONSTRUCTION YEAR: 1943
  • LAND AREA: 5220 SQ FT
  • TYPE: HOUSE
  • BUILT AREA: 1065 SQ FT
  • CONSTRUCTION YEAR: 1943

ADDITIONAL FEATURES

AMENITIES

Heating.

KITCHEN.

Basement

Remodeled

Living room

garaGe.

Heating.

REMODELED.

KITCHEN.

Living room.

Basement.

GARAGE.

FINANCIAL INFORMATION

  • ESTIMATED RENT: $700 USD
  • ESTIMATED MANAGEMENT: $900 USD
  • CASH FLOW NET: $6,520 USD
  • TAXES: $1080 USD
  • INSURANCE: $500 USD
  • ANNUAL NET ROI: 11.2%
  • ESTIMATED RENT: $700 USD
  • TAXES: $1080 USD
  • ESTIMATED MANAGEMENT: $900 USD
  • INSURANCE: $500 USD
  • CASH FLOW NET: $6,520 USD
  • ANNUAL NET ROI:11.2%

GALLERY

LOCATION


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