10361 Somerset AVE Detroit, MI 48224
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Pending
Purchase Type For Sale
Square Footage 1,364 sqft
Price per Sqft $80
Subdivision Leigh G Coopers Nottingha M Highlands
MLS Listing ID 20261090396
Style Bungalow
Bedrooms 4
Full Baths 1
Half Baths 1
Year Built 1938
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type SingleFamilyResidence
Property Description
Don't miss this investment opportunity at 10361 Somerset, Detroit, MI 48224! This property features an established Section 8 tenant currently generating $1,688 in monthly rental income, providing investors with an immediate cash-flow opportunity from day one.
The tenant's portion of the monthly rent is only $68, while Section 8 covers the remaining $1,620, subject to program requirements and continued eligibility. That's $20,256 in scheduled annual rental income!
Skip the hassle of finding a tenant and start with an occupied rental property. Whether you're expanding your rental portfolio or looking for your next income-producing investment, this property deserves your attention.
Opportunities like this are worth considering. Don't wait! Submit your offer today before it's gone!
Location
State MI
County Wayne
Area Area05055Detconmorsgrathstn7Mack
Rooms
Basement Full, Unfinished
Second Level, 10 X 8 Bedroom
Second Level, 8 X 8 Bedroom
Entry Level, 10 X 8 PrimaryBedroom
Entry Level, 10 X 8 PrimaryBedroom
Entry Level, 8 X 8 BathFull
Basement Level, 6 X 4 BathLav
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features ThreeCarGarage, Detached
Garage Spaces 3.0
Pool None
View Y/N No
Garage true
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, CovenantDeed, FHA, VaLoan, WarrantyDeed
Listing Terms Cash, Conventional, CovenantDeed, FHA, VaLoan, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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