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10361 Somerset Ave

Detroit MI 48224

4
2
3
2249 sq. ft.
0.11 ac.
Single-Family
Currently for sale - view listing

Overview

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!

Features

4 bedrooms
2 bathrooms
3 carspaces
3 garage spaces
2249 sq. ft. floor area
0.11 ac. lot size
Single-Family

Property history for 10361 Somerset Ave

1998
Sold
$66,000
28 Aug 1998 by John Paul Meesseman, of Real Living Kee Realty-Clinton Twp

Happy sellers in Detroit

73%
73% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Detroit over the last 12 months.

Local market activity for 4 bedroom single-family properties in Detroit

In the last 12 months, 58 four-bedroom single-family properties similar to 10361 Somerset Ave, have been sold.

This represents a 49% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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