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$105,000

Beds
3
Baths
1.0
sq ft
1,561

11643 Sussex St, Detroit, MI 48227

11643 Sussex St

Detroit, MI 48227

  • 47 days on market
Discover a truly exceptional investment with this income-generating property, offering everything you need for a smart and profitable venture. With a dependable Section 8 tenant already in place, providing a steady rental income of $1,340 per month, this property ensures immediate returns with zero downtime. This home has been thoughtfully updated. If you're seeking a turnkey investment with steady cash flow, this property is a standout choice. Inside pictures coming soon.

Details

Property type

Single Family Residence

Est. home value

$70,660

Lot size

4,356 sq ft

Price per sq ft

$68

Year built

1937

Annual property taxes

$1,739

Price History

08/20/2024
Realcomp

Realcomp #81024042388

Price change
$105,000
+5%
08/14/2024
Realcomp

Realcomp #81024042388

Listed
$100,000
+53.85%
03/22/2024
Realcomp

Realcomp #20230091476

Sold
$65,000
-13.33%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Finance Of America Commercial

Loan start date

March 2021

Original loan amount

$705,750

Est. remaining balance

Not provided

Interest rate

2.73%

Loan type

Not Provided

Seller

Icarus Holdings Detroit 2 Llc

Lender

Finance Of America Commercial

Loan start date

March 2021

Original loan amount

$705,750

Est. remaining balance

Not provided

Interest rate

2.73%

Loan type

Not Provided

Seller

Icarus Holdings Detroit 2 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/30/2024 at 1:25 PM

Listing updated: 08/20/2024 at 8:33 PM

Listed by: Kristina Khalifeh, Phone #: (248) 733-5893

MLS: Realcomp #81024042388

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