9327 CLOVERLAWN Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48204
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,044 sqft
Price per Sqft $119
MLS Listing ID 20251019379
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1945
Annual Tax Amount $1,581
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 123.00
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Investor Special: 10%+ Cap Rate, Tenant in Place, Immediate Cash FlowSolid cash-flowing asset in Detroit's resurging West Side. This spacious 1,750 sq ft bungalow is currently bringing in $1,675/month in rent, with a long-term tenant on a month-to-month lease who prefers to stay. That means income from day one, with flexibility to reposition or raise rents over time. 10% Cap Rate gives a strong return on your investment!Key investor highlights:4 bed / 2.5 bath layout ideal for long-term rental demandTenant pays utilities, minimizing owner expensesMonth-to-month lease = flexibility without vacancy riskRoom to improve cash flow with minor updates or rental increasesProximity to Joe Louis Greenway adds long-term valueThe home itself offers character and charm with functional updates:A private en-suite primary upstairs, three main floor bedrooms (one with its own private entrance), a finished basement, large backyard, and a detached garage round out this turn-key package.**Homes with this square footage, location, and income potential rarely come at this price.Do not disturb tenant. Showings after accepted offer. BTVAI.
Location
State MI
County Wayne
Area Wayne County - 100
Direction Take Exit 2A and I-96 W to W Interstate 96 Service Rd/Jeffries Fwy. Take exit 188A from I-96 W6 min (5.9 mi)Take W Chicago to Cloverlawn Ave.
Interior
Interior Features Basement Finished,Home Warranty
Heating Hot Water
Exterior
Parking Features Detached
Garage Spaces 1.0
View Y/N No
Garage Yes
Building
Story 1
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W18I014457S
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional