Excellent Investment Opportunity with Immediate Rental Income!
Welcome to this well-maintained 4-bedroom, 1.5-bath brick bungalow offering the perfect combination of immediate cash flow and long-term appreciation potential. Currently occupied by a long-term agency tenant, this property presents an outstanding opportunity for investors seeking a stable, income-producing asset in Detroit's strong rental market.
Inside, you'll find a bright and functional floor plan featuring spacious living areas, generously sized bedrooms, and tasteful updates throughout. The unfinished basement provides abundant storage space and offers future potential for additional finished living space, a recreation room, or workshop.
Constructed with durable brick, the home also features a detached one-car garage and a generous backyard, providing amenities that contribute to long-term tenant satisfaction and retention.
Whether you're looking to expand your rental portfolio, complete a 1031 exchange, or invest in a property with proven rental history, this home checks all the boxes. Conveniently located near schools, parks, shopping, dining, public transportation, and major freeways, the location continues to support strong rental demand and long-term value.
Don't miss this opportunity to acquire a well-maintained, income-producing property with immediate rental income already in place. Schedule your private showing today!
For sale
$149,999
15860 Cruse St, Detroit, MI 48227
4beds
1,820sqft
Single Family Residence
Built in 1939
4,356 Square Feet Lot
$146,000 Zestimate®
$82/sqft
$-- HOA
What's special
- 74 days
- 92
- 0
Zillow last checked:
Listing updated:
Listed by:
Adrienne Ponce 888-501-7085,
EXP Realty Main 888-501-7085
Source: Realcomp II,MLS#: 20261053522
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Entry
- Area: 90
- Dimensions: 10 X 9
Bedroom
- Level: Entry
- Area: 120
- Dimensions: 10 X 12
Bedroom
- Level: Second
- Area: 99
- Dimensions: 9 X 11
Bedroom
- Level: Second
- Area: 169
- Dimensions: 13 X 13
Other
- Level: Entry
- Area: 42
- Dimensions: 6 X 7
Other
- Level: Basement
- Area: 15
- Dimensions: 3 X 5
Dining room
- Level: Entry
- Area: 70
- Dimensions: 10 X 7
Kitchen
- Level: Entry
- Area: 90
- Dimensions: 10 X 9
Living room
- Level: Entry
- Area: 169
- Dimensions: 13 X 13
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,820 sqft
- Finished area above ground: 1,011
- Finished area below ground: 809
Property
Parking
- Total spaces: 1
- Parking features: One Car Garage, Detached
- Garage spaces: 1
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Doors, Accessible Entrance, Accessible Kitchen
Features
- Levels: One And One Half
- Stories: 1.5
- Entry location: GroundLevelwSteps
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 4,356 Square Feet
- Dimensions: 35 x 121
Details
- Parcel number: W22I034199S
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1939
- Major remodel year: 2024
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Waterat Street
Community & HOA
HOA
- Has HOA: No
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $32,600
- Annual tax amount: $2,966
- Date on market: 7/23/2026
- Cumulative days on market: 74 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,FHA 203K,Va Loan,Warranty Deed
Estimated market value
$146,000
$139,000 - $153,000
$1,509/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Listed for sale | $149,999+97.4%$82/sqft |
Source: | ||
| 1/26/2025 | Listing removed | $1,225$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/3/2025 | Listed for rent | $1,225$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2024 | Listing removed | $1,225$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/15/2024 | Listed for rent | $1,225-3.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2024 | Listing removed | $1,275$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2024 | Price change | $1,275-3.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/17/2024 | Listed for rent | $1,325+35.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/29/2024 | Sold | $76,000-5%$42/sqft |
Source: | ||
| 6/27/2024 | Pending sale | $80,000$44/sqft |
Source: | ||
| 6/21/2024 | Listed for sale | $80,000$44/sqft |
Source: | ||
| 6/17/2024 | Pending sale | $80,000$44/sqft |
Source: | ||
| 6/10/2024 | Listed for sale | $80,000+433.3%$44/sqft |
Source: | ||
| 1/4/2019 | Listing removed | $975$1/sqft |
Source: Go Section8 Report a problem | ||
| 12/3/2018 | Listed for rent | $975$1/sqft |
Source: Go Section8 Report a problem | ||
| 6/1/2016 | Listing removed | $15,000$8/sqft |
Source: Candler Scott & Wallace R E Consultants #216012398 Report a problem | ||
| 2/9/2016 | Listed for sale | $15,000$8/sqft |
Source: Candler Scott & Wallace R E Consultants #216012398 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $28,000 +22.3% |
| 2024 | -- | $22,900 +19.9% |
| 2023 | -- | $19,100 +29.1% |
| 2022 | -- | $14,800 +2.1% |
| 2021 | -- | $14,500 |
| 2020 | $1,762 +53.5% | $14,500 +28.3% |
| 2019 | $1,148 | $11,300 +7.6% |
| 2018 | $1,148 | $10,500 +1% |
| 2017 | -- | $10,400 -20% |
| 2016 | $1,203 | $13,000 |
| 2015 | $1,203 -7.7% | $13,000 -28.6% |
| 2013 | $1,304 +8.4% | $18,216 -30.2% |
| 2010 | $1,203 | $26,100 -12% |
| 2009 | -- | $29,659 -14.5% |
| 2008 | -- | $34,689 |
| 2007 | -- | $34,689 +5.5% |
| 2005 | $131 | $32,881 +3% |
| 2004 | -- | $31,923 |
Find assessor info on the county website
Monthly payment
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