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$ 110,000
Est. payment /mo
New
10361 Somerset Avenue Detroit, MI 48224
4 Beds
2 Baths
1,364 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,364 sqft
Price per Sqft $80
MLS Listing ID 20261090396
Bedrooms 4
Full Baths 1
Half Baths 1
Year Built 1938
Annual Tax Amount $6,417
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X123
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
INVESTOR SPECIAL – SECTION 8 TENANT IN PLACE! INCOME-PRODUCING PROPERTY!Don't miss this investment opportunity at 10361 Somerset, Detroit, MI 48224! This property features an established Section 8 tenant currently generating $1,688 in monthly rental income, providing investors with an immediate cash-flow opportunity from day one.The tenant's portion of the monthly rent is only $68, while Section 8 covers the remaining $1,620, subject to program requirements and continued eligibility. That's $20,256 in scheduled annual rental income!Skip the hassle of finding a tenant and start with an occupied rental property. Whether you're expanding your rental portfolio or looking for your next income-producing investment, this property deserves your attention.Opportunities like this are worth considering. Don't wait! Submit your offer today before it's gone!
Location
State MI
County Wayne
Direction right off 94 freeway and cadieux
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 3.0
View Y/N No
Garage Yes
Building
Story 2
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I067387S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Realtyflo Inc
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