$66,100
$69,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
7345 PENROD Street Detroit, MI 48228
2 Beds
1 Bath
800 SqFt
Key Details
Sold Price $66,100
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $82
Subdivision Westhaven (Plats)
MLS Listing ID 20250010414
Sold Date 05/19/25
Style Bungalow
Bedrooms 2
Full Baths 1
HOA Y/N no
Year Built 1939
Annual Tax Amount $1,233
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00 x 138.00
Property Sub-Type Bungalow
Source Realcomp II Ltd
Property Description
Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1050/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023, rent increased as of June 2024. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**
Location
State MI
County Wayne
Area Det - Joy-Dbn Ht Grnfld-Limits
Direction N of Warren / W of Southfield
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Description No Garage
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Warranty No
Level or Stories 1 1/2 Story
Structure Type Brick,Vinyl
Schools
School District Detroit
Others
Tax ID W22I078199S
Ownership Short Sale - No,Private Owned
Assessment Amount $250
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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Bought with Simon & Associates Real Estate