Homes for sale - 9117 BRACE Street, Detroit, MI 48228 1896

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David Godin

davidgodin@hotmail.com +1(586) 416-0600

$ 110,000

Est. payment | -/mo

2 Beds

1 Bath

814 SqFt

Save

$ 110,000

Est. payment | -/mo

Save

2 Beds

1 Bath

814 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 814 sqft

Price per Sqft $135

Subdivision Bonaparte Park Heights (Plats)

MLS Listing ID 60401448

Style 1 Story

Bedrooms 2

Full Baths 1

Abv Grd Liv Area 814

Year Built 1944

Annual Tax Amount $965

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 44.00 x 117.00

Property Sub-Type Single Family

Property Description

This one is for investors! Tenant occupied at $1200/m. This property is part of a 3-property investor portfolio and will only be sold as part of the full package. No cherry picking. Package price is $440,000 for all three homes. At a package price of $440,000, this deal offers a cap rate of 10.1%, GRM of 9 and cashflowing as a DSCR.. Addresses include: 16550 Freeland ($1,300/mo rent, Section 8), 20201 Grandville ($1,600/mo rent), and 9117 Brace ($1,200/mo rent). Total portfolio rent: $4,400/month or $49,200/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info. This deal is ideal for an investor seeking stability, cash flow, and low management overhead. It qualifies for conventional and DSCR financing. Whether you're scaling a local portfolio or investing from out of state, this package offers the kind of hands-off income most investors are looking for in the Detroit market. You will cash flow from day 1. Brace St is a brick ranch which has been fully remodeled with NEW everything! The renovation was tastefully done. The granite countertops, modern color schemes, and updated flooring throughout are sure to impress. Walk through the front door to be greeted by a spacious living room with brand new floors and fresh paint. The updated kitchen - brand new white cabinets with black accents, new luxurious granite countertops, a new sink, new floors. The full bathroom which has been updated and matches the kitchen's color scheme. Basement has been freshly painted and comes with a brand new furnace and hot water heater. Plumbing and electrical have been updated as well. New windows throughout. Ranch sits on a corner lot with a fenced in backyard.

Location

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Unfinished

Interior

Heating Forced Air

Exterior

Garage No

Building

Story 1 Story

Foundation Basement

Water Public Water

Architectural Style Ranch

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by Keller Williams First

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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