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  • $225,000

    11822 Promenade Ave, Detroit, MI 48213

    6beds
    4baths
    3,022sqft
    2 to 4 Units
    Built in 1926
    -- sqft lot
    $229,400 Zestimate®
    $74/sqft
    $1,075 Estimated rent

    Home value

    $229,400

    $197,000 - $262,000

    $1,075/mo

    Zestimate® history
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    $1,075/mo

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    $1,640/mo

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    $1,640/mo

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    What's special

    This fully renovated duplex is the ideal plug and play investment for an investor looking for a turnkey fully occupied section 8 rental. Skip the stress, time, and money that comes with getting a property to pass the section 8 rental inspection, this property has recently passed inspection with both units! Two brand new section 8 families have moved in with 12 month leases. The annual income that this duplex will bring is $33,600 with the current section 8 tenants in place (lower unit $1,500 per month and upper collects $1,300 per month). Each unit is 3 bed 1 1/2 baths! Enjoy low stress investing knowing that everything is brand new therefor your future capital expenses are estimated to be extremely low.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sotero Lopez 586-863-3300,

    eXp Realty, LLC,

    Darby Reynaert 989-295-8288,

    eXp Realty, LLC

    Bought with:

    Tinaesha Sims

    Source: MichRIC,MLS#: 24011720MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Forced Air
    Appliances
    • Laundry: In Basement
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 3,022 sqft

    Property

    Parking
    • Total spaces: 2
    Lot
    • Size: 5,227 sqft
    • Dimensions: 35 x 149
    Details
    • Parcel number: W21I008896S

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Aluminum Siding
    Condition
    • New construction: No
    • Year built: 1926

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Natural Gas Connected, Electricity Connected

    Community & neighborhood

    Location
    • Region: Detroit

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/28/2024Sold$225,000-2.1%$74/sqft
    Source: MichRIC #24011720 Report a problem
    5/13/2024Pending sale$229,900$76/sqft
    Source: MichRIC #24011720 Report a problem
    5/13/2024Contingent$229,900$76/sqft
    Source: MichRIC #24011720 Report a problem
    3/12/2024Listed for sale$229,900$76/sqft
    Source: MichRIC #24011720 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Airport Sub

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.