2
See all 2 photos
$115,000
Est. payment /mo
3 Beds
1 Bath
950 SqFt
New
7200 Edgeton Street Hamtramck, MI 48212
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $121
MLS Listing ID 20261056869
Bedrooms 3
Full Baths 1
Year Built 1962
Annual Tax Amount $2,849
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 42X100
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
This renovated 3-bedroom, 1-bath ranch is currently tenant occupied under an active lease of $1,300 per month ($15,600 annually), offering investors an excellent opportunity to acquire an occupied rental property with long-term upside. Acquired in 2023 and extensively renovated prior to tenant occupancy, the home features updated flooring, fresh paint, an updated kitchen with modern cabinetry and countertops, a renovated bathroom, and numerous interior improvements throughout. The current tenant is in collections for prior rent obligations, with ownership actively pursuing collection efforts while maintaining the existing tenancy. Photos shown were taken prior to the current tenant's occupancy. Tenant occupied—please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.
Location
State MI
County Wayne
Direction Travel East on Davison, past mound, make a right on Edgeton
Rooms
Basement Slab
Interior
Interior Features Home Warranty
Heating Forced Air
Exterior
View Y/N No
Roof Type Asphalt
Garage No
Building
Story 1
Sewer Public
Water Public
Structure Type Vinyl Siding
Schools
School District Detroit
Others
Tax ID W15I003602C3
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by EXP Realty Main
Nearby Locations
