7541 Archdale Street
$69,900
Description
7541 Archdale Street,
Detroit,
MI
48228
Tremendous turn-key investment opportunity in desirable Warrendale subdivision. 3BR Ranch with hardwood floors in excellent condition. Tenant is long-term at $800/mo with six strong years of occupancy. This is a perfect home for new or out of state investors who want easy, passive income! Current CAP Rate is 13% and with a rent increase to the standard $1K per month, CAP soars to 17%. This is a winner! Priced to sell - won't last! Please do not disturb tenant. Qualified buyers only.
This is an Active listing.
Broker Office Phone Number: 833-611-7653
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Listing By: Century 21 Curran & Oberski via Data Source: Realcomp Limited II
Single Family
Property type
Price History
date | price | variance | type |
---|
11/12/2024 | $69,900 | - | Listed |
listing agent: Craig Covert