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Karen Austin

karenaustin4@gmail.com +1(517) 290-4493

$ 50,000

Est. payment -/mo

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Active

18946 Beland Street Detroit, MI 48234

2 Beds

1 Bath

906 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 906 sqft

Price per Sqft $55

MLS Listing ID 20251046857

Bedrooms 2

Full Baths 1

Year Built 1945

Annual Tax Amount $867

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 36X110.78

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

You found me, and you already know I'm about to strengthen your portfolio. I'm 18946 Beland Street, a solid brick 2 bedroom home with the kind of updates true investors like you love because they translate directly into fewer headaches and stronger returns. I come with newer luxury vinyl flooring, newer interior paint, an updated kitchen with newer cabinets, an updated bathroom, central air, a newer roof, a one car garage, a fully fenced backyard, a large covered porch, and a partially finished basement that gives you bonus usable space without extra capital expenditure. My layout is efficient, my systems are upgraded, and my curb appeal is your value add.Here's what you're about to make with me. Rental comps in my area support about $1,250 per month, giving you roughly $15,000 in annual gross income. On a $50K acquisition, that puts you at a 30 percent gross yield. Even after standard operating expenses, you are realistically looking at a net cash on cash return in the 20 to 25 percent range, depending on how you structure your purchase. I can easily qualify for Housing Choice Voucher programs like Section 8, giving you the option of consistent, reliable payments if you choose that lane.My location adds even more weight to the numbers. I sit in Detroit's Osborn area with quick access to major employment anchors like DTE Energy - Lynch Road Service Center, Coleman A. Young International Airport, Henry Ford Hospital, Detroit Medical Center, and Ascension St John Hospital. I'm also within reach of Brenda Scott Academy, Wayne State University, University of Detroit Mercy, and other institutions that help keep the tenant pool strong and steady. Retail, groceries, restaurants, parks, and transit are all close enough to boost desirability without adding cost.You've already run the math in your head. You know I check the boxes. Reach out to the listing agent and make it official, because you and I are about to perform exactly the way an investor hopes a property will

Location

State MI

County Wayne

Area Wayne County - 100

Direction Take Van Dyke to Seven Mile, head East past Outer Drive, Turn Right On Beland

Rooms

Basement Partial

Interior

Interior Features Basement Partially Finished

Heating Forced Air

Cooling Central Air

Fireplaces Type Living Room

Fireplace true

Laundry Lower Level

Exterior

Parking Features Detached

Garage Spaces 1.0

View Y/N No

Garage Yes

Building

Story 1

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W17I015341S

Acceptable Financing Cash

Listing Terms Cash

Listed by Pretty Home Realty

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Karen Austin

Broker Associate

+1(517) 290-4493 | karenaustin4@gmail.com

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Karen Austin

18946 Beland Street Detroit, MI 48234

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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18946 Beland Street