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$ 84,900
Est. payment /mo
New
19930 Biltmore Street Detroit, MI 48235 2427
3 Beds
2 Baths
1,025 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,025 sqft
Price per Sqft $82
Subdivision Madison Park
MLS Listing ID 61041482
Style 1 1/2 Story
Bedrooms 3
Full Baths 2
Abv Grd Liv Area 1,025
Year Built 1950
Annual Tax Amount $1,938
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40X130
Property Sub-Type Single Family
Property Description
Turnkey Cash-Flowing Investment Opportunity! Excellent opportunity to acquire an income-producing property with a reliable tenant already in place paying $1,000 per month. For investors looking to add immediate cash flow to their portfolio without starting from vacancy, this property offers a strong combination of existing income, tenant stability, and long-term upside. The home provides a functional layout and solid rental appeal, making it well suited for a buy-and-hold strategy. With an established paying tenant in place, the next owner can step into an operating rental from day one and avoid the initial leasing, turnover, and vacancy period that often comes with acquiring investment property. The location adds to the investment value. Convenient access to major Detroit roadways, shopping, restaurants, schools, parks, employment centers, and everyday amenities helps support continued rental demand and long-term tenant appeal. This makes the property an attractive option for investors focused on dependable cash flow and portfolio growth. Whether you're purchasing your first rental or expanding an existing portfolio, this property offers a straightforward opportunity to acquire a stabilized asset with income already being generated. Currently rented for $1,000 per month with a good-paying tenant in place. DO NOT DISTURB TENANT. Showings by confirmed appointment only. Novation: Buyer has equitable interest in the property and is marketing the property with the owner's authorization in order to locate a new buyer. BTVAI: Buyer to verify all information on listing.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Exterior
Garage No
Building
Story 1 1/2 Story
Foundation Basement
Water Public Water
Architectural Style Cape Cod
Structure Type Aluminum
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Ikon Property Group
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