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Back 7345 Penrod St
Off Market

7345 Penrod St

Detroit MI 48228

2
1
1424 sq. ft.
0.12 ac.
Single-Family
Last sold for $66,100
Bailee ClantonBailee Clanton, last sold this property on 19 May 2025 after 54 days on market.

Overview

Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1050/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023, rent increased as of June 2024. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**

Features

2 bedrooms
1 bathroom
1424 sq. ft. floor area
0.12 ac. lot size
Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Detroit over the last 12 months, the estimated median property value of 7345 Penrod St is $55.42k.

Median value
$55.42k
Estimated value range
$20k - $128k
Median days on market
20
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Detroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7345 Penrod St

2025
Sold
$66,100
19 May 2025 by Bailee Clanton, of Home Source Realty LLC
2019
Sold
$48,000
11 Dec 2019 by Jane Fader, of RE/MAX First
2019
Sold
$37,500
19 Feb 2019 by Robert Kabbani, of RE/MAX Leading Edge

Happy sellers in Detroit

98%
98% 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 2 bedroom single-family properties in Detroit

In the last 12 months, 68 two-bedroom single-family properties similar to 7345 Penrod St, have been sold.

This represents a 28% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Detroit

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Ehsan Ouza

Ehsan Ouza is a recommended agent for Detroit.  They have 6 local sales and collected 6 local reviews across the last 12 months.

  •   5   (54 reviews)
  •  6 Reviews in Detroit
  •  6 Sales in Detroit
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Erik Hill

Erik Hill is a recommended agent for Detroit.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (14 reviews)
  •  2 Reviews in Detroit
  •  1 Sale in Detroit
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Nicole Sammons

Sellers who recommend Nicole Sammons have praised them for being local expert, patient, responsive, clear communication, supportive, empathetic, and reliable

  •   5   (77 reviews)
  •  1 Review in Detroit
  •  1 Sale in Detroit
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Hady Beydoun

Hady Beydoun is a recommended agent for Detroit.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (10 reviews)
  •  1 Review in Detroit
  •  1 Sale in Detroit
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