16821 Stansbury Ave Detroit

43,500

Rent - 850 per month 

3 bed 1 Bath

16821 Stansbury Ave Detroit MI 48235 | Cashflowpositive.com

16821 Stansbury Ave

Detroit MI 48235

About the property:

  • Currently tenanted @ 850 per month
  • Long term tenants
  • Beautiful Brick Colonial
  • Superb street appeal
  • Nice and very well cared neighborhood
  • Zip - 48235
  • Even the conservative Zillow's estimate has this property valued at 64,939
  • 2 minutes Walking distance to Sinai Grace Hospital - a major Employment hub
  • 4 minutes Walking distance to Renaissance High School
  • Bedrooms: 3
  • Bathrooms: 1
  • Size: 1300 sqft
  • Lot Size: 4966 sqft
  • Build Style: Brick Colonial - 2 Storeys
  • 2 Car garage
  • Rental Yield - 14.02%
  • Double Digit Capital Growth Opportunity
  • Sold in 2008 for 108,000
  • Foundation: Basement
  • Fireplace
  • Taxes - $920 per annum (2018)
  • Tenant Pays all Utilities
  • Roof in Fair condition
  • Waterlines updated to PEX
  • Newer Vinyl Windows
  • Updated Electrical panels
  • Nice Hardwood Floors
  • Older but working Furnace
  • Tiles in Kitchen and Bathroom
  • West-side of Detroit
  • Plenty of Upside potential as this property market climbs to pre-GFC levels
  • Close to the Freeways
  • Only 11.7 Miles and just 16 minutes to Downtown Detroit in peak traffic
  • Ideal for Self managed Super Fund (SMSF) 1031 and 401K investors.

Buyer will receive:

  • Warranty Deed Purchase
  • Clear Title
  • with Title Insurance
  • Property will be professionally managed by a leading Property management company.
16821 Stansbury Ave Detroit MI 48235 | Cashflowpositive.com

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16821 Stansbury Ave Detroit MI 48235 | Cashflowpositive.com

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16821 Stansbury Ave Detroit MI 48235 | Cashflowpositive.com
16821 Stansbury Ave Detroit MI 48235 | Cashflowpositive.com
16821 Stansbury Ave Detroit MI 48235 | Cashflowpositive.com
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