Turnkey investment opportunity! This updated 2-bedroom, 1-bath home features a finished basement and a 1-car garage, offering practical living space and reliable rental income. The property is being sold subject to an existing lease with a Section 8 tenant in place at $1,300/month, bringing in $15,600 annually. Enjoy steady, government-backed payments and immediate cash flow from day one. Ideal for investors looking to expand their portfolio with a well-maintained, income-producing asset.
Property Details
Price:
$100,000
MLS #:
20250024202
Status:
Active
Beds:
2
Baths:
1
Address:
12631 ASBURY PARK
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
SCHOOLCRAFT ASBURY PK SUB
Neighborhood:
05034 – Det: Joy-Schoolcraft Grnfld-Limits
City:
Detroit
Listed Date:
Apr 8, 2025
State:
MI
Finished Sq Ft:
1,539
ZIP:
48227
Lot Size:
5,663 sqft / 0.13 acres (approx)
Year Built:
1945
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Detroit
Interior
Bathrooms
1 Full Bathroom
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Bungalow
Construction Materials
Brick
Parking Features
One Car Garage, Detached
Financial
Taxes
$2,118
Map
Community
- Address12631 ASBURY PARK Detroit MI
- SubdivisionSCHOOLCRAFT ASBURY PK SUB
- CityDetroit
- CountyWayne
- Zip Code48227
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12631 ASBURY PARK
Detroit, MI
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