20320 Dresden St

Detroit MI 48205

1351 sq. ft.

0.11 ac.

Single-Family

Currently for sale - view listing

Overview

INVESTORS AND HOMEOWNERS--DON'T MISS THIS OPPORTUNITY! Solid 2-bedroom, 1-bath Detroit home offering approximately 700 sq. ft. of living space plus a full basement. Whether you're looking to add an income-producing property to your portfolio or an affordable home to make your own, this property offers flexibility, value and upside potential. For investors, a long-term tenant is currently in place and would like to remain, offering the opportunity for immediate rental income from day one. Area rental rates indicate potential for increased rental income, with approximately $1,250/month possible based on current market conditions; buyer to independently verify market rent and rental projections. Major mechanical improvements have already been addressed, including a newer HVAC/furnace system, while the roof is approximately 10 years old or less. The home is solid and functional, with primarily cosmetic updating offering an opportunity to further enhance value and long-term return. Not just for investors--owner-occupants can also take advantage of an affordable home with a full basement, brick and vinyl exterior, newer major mechanicals and the opportunity to personalize the property over time. ESTABLISHED TENANT. IMMEDIATE INCOME POTENTIAL. RENTAL UPSIDE. SOLID HOME. VALUE-ADD OPPORTUNITY. A versatile property with multiple paths for the next owner. Schedule your showing and take a closer look! Licensed real estate agent has an ownership interest in the selling LLC and a financial interest in the transaction

Features

2 bedrooms

1 bathroom

2 carspaces

2 garage spaces

1351 sq. ft. floor area

0.11 ac. lot size

Single-Family

Property history for 20320 Dresden St

2019

Rented

Undisclosed

03 May 2019 by NERG Real Estate Experts

Happy sellers in Detroit

We have insufficient information to provide an overview of customer satisfaction for Detroit. Viewing the agent profiles, reviews and sales for Detroit can provide insights for this location.