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$131,250
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Detroit Area Residential

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5291 Farmbrook Street Detroit, MI 48224

3 Bed
1 Baths
1038 sqft
MLS# 20250017044
Turnkey Rental Property, Renovated in 2024, Leased Through 2026! Investors, here’s your prime opportunity! This turnkey rental property, renovated in 2024, offers immediate cash flow with a tenant already in place. The property is currently leased for $1,250 per month through December 31, 2025, with an increase to $1,312.50 per month from January 1, 2025, to December 31, 2026. With its recent renovations, including a modern kitchen with quartz countertops and a stylish subway tile backsplash, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located in a desirable neighborhood, this property is within walking distance of popular dining options on Mack Ave, including The Jagged Fork and Dish, as well as local favorites like Motor City Burgzs on Warren Ave. Fitness enthusiasts will appreciate the close proximity to the Eastside Tennis & Fitness Club and Balduck Park. Essential amenities like Village Market grocery store and St. John’s Hospital are also just minutes away. This is the ideal investment for those seeking a turnkey rental with recent updates and a long-term lease in place. Don’t miss out on this incredible investment opportunity in a high-demand rental market. To respect the tenant's privacy, showings will be scheduled only after an accepted offer.
Listing Courtesy of REALCOMP / Coldwell Banker Professionals / Brenda Meeuwenberg
$127,500
Active

Detroit Area Residential

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3531 Somerset Avenue Detroit, MI 48224

3 Bed
2 Baths
1195 sqft
MLS# 20250016865
Turnkey Rental Property – Renovated Brick Bungalow Near Grosse Pointe in Morningside Neighborhood. Investors, don’t miss this incredible turnkey rental opportunity! This recently renovated (2024) brick bungalow is tenant-occupied with a signed lease through March 31, 2026, generating $1,275 per month in rental income. With its recent renovations in 2024, including a modern kitchen with granite countertops, main floor bathroom renovation, half bathroom addition to basement, LVP flooring throughout, fresh paint throughout, new hot water heater and 80% efficiency 60 BTU Furnace, an much more, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located near the Grosse Pointe border in desirable Morningside Neighborhood, this home offers unbeatable convenience, within walking distance to popular restaurants and shops on Mack Avenue, including The Cracked Egg of Grosse Pointe and Alma Kitchen. Nearby, you’ll also find Aldi, Trader Joe’s, and other shops and restaurants, making this a highly desirable area for renters. The home features modern updates, renovated in 2024, and long-term rental stability, making it a hassle-free investment. With its prime location and steady cash flow, this is an excellent buy-and-hold opportunity for investors looking to expand their portfolio. To respect the tenant's privacy, showings will only be scheduled after an accepted offer.
Listing Courtesy of REALCOMP / Coldwell Banker Professionals / Brenda Meeuwenberg