REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Dec

Thu

Dec

Fri

Dec

Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 125,000

Est. payment -/mo

Save

New

13918 Terry Street Detroit, MI 48227

3 Beds

2 Baths

1,482 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,482 sqft

Price per Sqft $84

MLS Listing ID 20251059204

Bedrooms 3

Full Baths 2

Year Built 1925

Annual Tax Amount $963

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40X120

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

Excellent turnkey investment opportunity in Detroit! 13918 Terry St is fully renovated and occupied with a new and vetted tenant paying $1,500 per month. Offered at only $125,000, this property delivers an outstanding 14.4% cap rate from day one. Complete renovation includes new paint, windows, electrical, plumbing, furnace, water heater, kitchen and baths. Do not forget the rare and massive 3 car garage in the oversized backyard. Valid City of Detroit Certificate of Occupancy and Certificate of Compliance on file; property meets all rental standards and is Section 8 eligible. Current tenant is on a market-rate lease; full documentation, lead clearance, and tenant info available upon request. Ideal for hands-off or out-of-state investors seeking immediate cash flow in a strong rental submarket. Do not miss this rare combination of condition, occupancy, and return. Priced for quick sale. BATVAI

Location

State MI

County Wayne

Area Wayne County - 100

Direction Grand River to Schoolcraft to Terry

Rooms

Basement Partial

Interior

Interior Features Basement Partially Finished

Heating Forced Air

Exterior

Parking Features Detached

Garage Spaces 3.0

View Y/N No

Garage Yes

Building

Story 2

Sewer Public

Water Public

Structure Type Brick,Vinyl Siding

Schools

School District Detroit

Others

Tax ID W22I042942S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Century 21 Curran & Oberski