7200 Edgeton Street

Detroit MI 48212

950 sq. ft.

0.1 ac.

Single-Family

Currently for sale - view listing

Overview

This renovated 3-bedroom, 1-bath ranch is currently tenant occupied under an active lease of $1,300 per month ($15,600 annually), offering investors an excellent opportunity to acquire an occupied rental property with long-term upside. Acquired in 2023 and extensively renovated prior to tenant occupancy, the home features updated flooring, fresh paint, an updated kitchen with modern cabinetry and countertops, a renovated bathroom, and numerous interior improvements throughout. The current tenant is in collections for prior rent obligations, with ownership actively pursuing collection efforts while maintaining the existing tenancy. Photos shown were taken prior to the current tenant's occupancy. Tenant occupied--please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.

Features

3 bedrooms

1 bathroom

950 sq. ft. floor area

0.1 ac. lot size

Single-Family

Property history for 7200 Edgeton Street

2023

Sold

$18,000

01 Nov 2023 by Mikhail Grigoryan, of Detroit Progress Realty LLC

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