$58,000
$58,900
1.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1.5 Baths
1,276 SqFt
SOLD DATE : 02/07/2025
Key Details
Sold Price $58,000
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,276 sqft
Price per Sqft $45
Subdivision Eight-Oakland Sub No 1 (Plats)
MLS Listing ID 20240072639
Sold Date 02/07/25
Style Bungalow
Bedrooms 4
Full Baths 1
Half Baths 1
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1947
Annual Tax Amount $1,050
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40.00 x 100.00
Property Sub-Type Bungalow
Property Description
Long-Term Tenant Investment Opportunity – Detroit Brick Bungalow
An incredible investment opportunity awaits at 20490 Hanna St! This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease. They would prefer to stay, but can move if needed. With market rent in the area reaching up to $1,400/month, there's great potential for increased cash flow.
Situated near the new Amazon warehouse and major freeways, the location offers easy access and convenience for tenants. This home features a full basement, providing ample storage, and a detached garage for additional parking. The bathroom has been updated with new flooring, and the home offers plenty of space with 4 bedrooms, making it a solid investment with future growth potential whether it's with cash or sec 8 paying tenants.
Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value. Don't miss out on this prime investment opportunity in a growing area of Detroit!
Location
State MI
County Wayne
Area Det 6-8 Grfld-Dequindre
Direction S of EightE of I 75
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Parking Features Detached
Garage Description 1 Car
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Architectural Style Bungalow
Warranty No
Level or Stories 1 1/2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W09I020344S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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