$74,900
Beds:
4
Baths:
2
Sqft:
1,250
Sqft lot:
4,356
Acre lot:
0.10
87 Days On Market
Courtesy of House Of May, Tyrone Johnson.
Status:
Active
Property Type:
Single Family Residence
Year Built:
1925
Days On Website:
87
Description
This is an incredible opportunity for an investor looking for a turn key property with around an 11 percent cap rate. Long term tenant that would like to stay. Lease is up in February 2025. This colonial is a 4 bedroom 2 full bathroom home with hard wood floors, spacious closets, and tons of natural light. Two of the bedrooms are on the main level and the other two are on the upper level. Land Contract terms are available at a 10 percent interest rate with a $40,000 down payment, 36 month term and a balloon payment at the end.
Features
Property Access
- Road Surface Type: "Paved"
Basement
- Basement: "Full"
Bathrooms
- 2 full bathrooms
- 2 total bathrooms
Bedrooms
- 4 total bedrooms
Building
- Architectural Style: "Colonial"
- Building Area Source: Measured
- Building Area Total: 1,250
- Construction Materials: "Aluminum Siding", "Brick"
- Living Area: 1,250
- Year Built: 1925
- 2 stories
Exterior Features
- Features: "Porch(es)"
Fireplaces
- Building includes fireplace
- 1 total fireplace
Heating
- Heating: "Forced Air"
- Heating Included
Laundry
- Features: "Lower Level"
Listing
- Contract Status Change Date: 2024-09-27
- Expiration Date: 2025-09-01
- Listing Agreement: Exclusive Agency
- Listing Contract Date: 2024-09-26
- Listing Id: 24050768
- Listing Terms: "Cash", "Contract", "Conventional"
- Mls Status: Active
- Modification Timestamp: 2024-10-19 17:52:16
- On Market Date: 2024-09-27
- Original Entry Timestamp: 2024-09-26 15:14:36
- Original List Price: $84,900
- Previous List Price: 84900
- Price Change Timestamp: 2024-10-07 11:23:25
- Special Listing Conditions: "None"
- Standard Status: Active
- Status Change Timestamp: 2024-09-27 07:17:46
- 88 cumulative days on market
- 88 days on market
Location
- City: Detroit
- State Or Province: MI
- County Or Parish: Wayne
- Postal Code: 48227
- MLS Area Major: Wayne County - 100
- MLS Area Minor: Wayne County - 100
Lot
- 0.1 acres
- Area: 0.1
- Dimensions: 40X110
- 4,356 square feet
Owner Pays
- Owner Name: Moore Housing LLC
Property
- Occupant Type: Tenant
- Parcel Number: 22044841.
- Property Sub Type: Single Family Residence
Additional Rooms
- Rooms Total: 9
Schools
- Elementary School: Edison Elementary
- Middle Or Junior School: Burns Middle School
- High School: Renaissance High School
- Middle Or Junior School District: Detroit
Sewer
- Sewer: "Public Sewer"
Taxes
- Annual Amount: $865
- Tax Year: 2023
Utilities
- Water Source: "Public"
Property Map
Map View
$74,900 -13334 Coyle Street, Detroit, MI 48227
Street View
Directions
13334 Coyle Street
Detroit, MI 48227