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$195,000

Est. payment - /mo

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3 Beds

2.5 Baths

1,260 SqFt

New

19775 BURGESS Detroit, MI 48219

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Audrey Schultz

audrey.schultz@exprealty.com +1(517) 745-0008

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Ranch

Listing Status Active

Purchase Type For Sale

Square Footage 1,260 sqft

Price per Sqft $154

Subdivision Palmeadow Sub No 1 (Plats)

MLS Listing ID 20251006283

Style Ranch

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N no

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 Ranch

Source Realcomp II Ltd

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 Det - 6 To 8, Grnfld To Limits

Direction S of 8 Mile/ E of Lahser

Rooms

Basement Unfinished

Kitchen Free-Standing Electric Range, Free-Standing Refrigerator, Microwave

Interior

Interior Features High Spd Internet Avail

Heating Forced Air

Fireplace no

Appliance Free-Standing Electric Range, Free-Standing Refrigerator, Microwave

Heat Source Natural Gas

Exterior

Garage Description No Garage

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Ranch

Warranty No

Level or Stories 1 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W22I112205S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Anuj Chand of Keller Williams First

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Audrey Schultz

Agent | License ID: 6501463146

+1(517) 745-0008

19775 BURGESS Detroit, MI 48219

Audrey Schultz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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19775 BURGESS