19775 BURGESS new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48219
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $154
MLS Listing ID 20251006283
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1956
Annual Tax Amount $3,713
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 38.00 x 136.00
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
This one is for investors! Tenant occupied at $1700/m. This property is part of a 4-property investor portfolio and will only be sold as part of the full package. No cherry picking. Package price is $650,000 for all four homes. At a package price of $650,000, this deal offers a cap rate of 9.05%, GRM of 9.34 and a DSCR of 1.36. Addresses include: 19775 Burgess ($1,700/mo rent), 20201 Grandville ($1,600/mo rent), 9117 Brace ($1,200/mo rent, Section 8), and 16550 Freeland ($1,300/mo rent, Section 8). Total portfolio rent: $5,800/month or $69,600/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info. This package is ideal for an investor seeking stability, cash flow, and low management overhead. It qualifies for conventional and DSCR financing. Whether you're scaling a local portfolio or investing from out of state, this package offers the kind of hands-off income most investors are looking for in the Detroit market. You will cash flow from day 1. Burgess St is located in one of Detroit's most desirable neighborhoods. With recently remodeled bathrooms, an upgraded kitchen, newer floors, updated electrical - this property is turnkey. Updates were completed prior to tenant move in. The home itself features a bright, spacious living room with a picturesque window, modern kitchen and bathrooms, and even a large master suite on the first level. The kitchen boasts stainless steel appliances and updated finishes. A generous living room offers the perfect space for gathering, while the huge basement with a half bath provides endless possibilities.
Location
State MI
County Wayne
Area Wayne County - 100
Direction S of 8 Mile/ E of Lahser
Interior
Heating Forced Air
Appliance Refrigerator,Range,Microwave
Exterior
Utilities Available High-Speed Internet
View Y/N No
Garage No
Building
Story 1
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I112205S
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional