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$ 125,000
Est. payment /mo
New
4625 Chalmers Street Detroit, MI 48215
5 Beds
2 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $83
MLS Listing ID 20261056866
Bedrooms 5
Full Baths 2
Year Built 1950
Annual Tax Amount $49
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X120
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
This renovated 5-bedroom, 2-bath bungalow is currently tenant occupied with a lease generating $1,500 per month ($18,000 annually), providing immediate rental income from day one. The property was acquired in 2023 and extensively renovated prior to tenant occupancy, offering a low-maintenance investment with strong long-term appreciation potential. Featuring approximately 1,500 square feet of living space, a functional floor plan, and established rental history, this property is an excellent addition to any investor's portfolio. Photos taken prior to tenant occupancy are available upon verification of proof of funds. 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 South on Chalmers, past E Warren Ave
Interior
Heating Forced Air
Exterior
Exterior Feature Porch(es)
View Y/N No
Roof Type Asphalt
Garage No
Building
Story 2
Sewer Public
Water Public
Structure Type Aluminum Siding,Vinyl Siding
Schools
School District Detroit
Others
Tax ID W21I056005S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by EXP Realty Main