3
See all 3 photos
$65,000
Est. payment /mo
2 Beds
1 Bath
679 SqFt
New
20320 Dresden Street Detroit, MI 48205
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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 679 sqft
Price per Sqft $95
MLS Listing ID 20261070194
Bedrooms 2
Full Baths 1
Year Built 1948
Annual Tax Amount $2,227
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X116.6
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
INVESTORS AND HOMEOWNERS—DON'T MISS THIS OPPORTUNITY! Solid 2-bedroom, 1-bath Detroit home offering approximately 700 sq. ft. of living space plus a full basement. Whether you're looking to add an income-producing property to your portfolio or an affordable home to make your own, this property offers flexibility, value and upside potential.For investors, a long-term tenant is currently in place and would like to remain, offering the opportunity for immediate rental income from day one. Area rental rates indicate potential for increased rental income, with approximately $1,250/month possible based on current market conditions; buyer to independently verify market rent and rental projections.Major mechanical improvements have already been addressed, including a newer HVAC/furnace system, while the roof is approximately 10 years old or less. The home is solid and functional, with primarily cosmetic updating offering an opportunity to further enhance value and long-term return.Not just for investors—owner-occupants can also take advantage of an affordable home with a full basement, brick and vinyl exterior, newer major mechanicals and the opportunity to personalize the property over time.ESTABLISHED TENANT. IMMEDIATE INCOME POTENTIAL. RENTAL UPSIDE. SOLID HOME. VALUE-ADD OPPORTUNITY. A versatile property with multiple paths for the next owner. Schedule your showing and take a closer look!Licensed real estate agent has an ownership interest in the selling LLC and a financial interest in the transaction
Location
State MI
County Wayne
Direction S of 8 Mile Rd, E of Groesbeck Hwy
Rooms
Basement Daylight
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 2.0
View Y/N No
Garage Yes
Building
Story 1
Sewer Public
Water Public
Structure Type Aluminum Siding
Schools
School District Detroit
Others
Tax ID W21I034791S
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by NERG Real Estate Experts