$35,000
For Sale

3154 LENOX STREET

Detroit, MI 48215
1124 sqft | 2 beds | 1 bath | #20240020854
Browse 31 photos
Type:Purchase
Structure:House
Zone:Residential

Description

This promising investment property nestled in the heart of Detroit and is brimming with character, perfect for experienced investors or those looking to make their mark on the Detroit housing landscape. This multi-level layout provides a spacious footprint for creative redesign. This property's generous lot size allows for potential expansion or exterior amenities.
- Located within a community ripe for revitalization efforts, promising increasing future values.
- Rental market insights indicate potential earning estimates of around $1,027 - $1,106 per month, adding allure for those interested in buy-to-rent strategies.
- Requires comprehensive renovations - perfect for a tailor-made project.
- Holds the promise of significant returns on investment post-renovation.
Seize the opportunity to transform this property into a profitable venture. With homes in the area displaying a year-on-year growth in value, capitalize on the low entry price and the promising rental income projections. Whether you aim to flip or to rent, this property presents an exciting proposition in a dynamically evolving Detroit market.

  • Interior Details
      • HeatingForced Air
    • Beds & Baths
      • Total Baths1.00
      • Bedrooms2
      • Bathrooms1
      • Full Baths1
  • Property Details
      • Square Feet1124
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1921
  • Community and Neighborhood Details
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$35,000
  • Other
      • MLS #20240020854

Location

Theresa ColemanReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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