10361 Somerset Avenue, Detroit, MI 48224

$110,000
4
BD
2
BA
1,364
SqFt

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List Price
$110,000
Status
ACTIVE
Days on Market
1
MLS#
20261090396
Subtype
Residential
Style
Bungalow
Year Built
1938
Bedrooms
4
Bathrooms
2
Full Baths
1
Half Baths
1
Living Area
1,364
Lot Size
4,791
Acres
0.11

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!

Additional Information

Taxes
$6,417
Property Description
Bungalow
Heating
Forced Air
Stories
2
Parking Features
Detached
Garage Spaces
3
School District
Detroit

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Listing courtesy of Listing Agent: Eric L Brown from Listing Office: Realtyflo Inc.

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