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$160,000

Beds
6
Baths
2.0
sq ft
2,032

11856 Wisconsin St, Detroit, MI 48204

11856 Wisconsin St

Detroit, MI 48204

  • 29 days on market
This large six-bedroom, two-full-bathroom colonial house is located on Detroit's West Side. The property includes a two-car garage and has been completely renovated, boasting a new roof, all new windows, updated mechanical systems, a modern kitchen, refurbished bathrooms, new flooring, and a new sewer line. The entire interior has been redone, ensuring a fresh and updated living space. Currently tenant-occupied, the property generates $1,600 in monthly rent, secured by insurance that covers unpaid rent if the tenant defaults. Additionally, the insurance may cover eviction costs, providing further financial security. This combination of extensive renovations and tenant security measures makes the property an attractive option for investors or buyers seeking a move-in-ready home with a reliable income stream. PLEASE DO NOT DISTURB TENANT. DO NOT APPROACH. SHOWINGS AVIALABLE UPON ACCEPTED OFFER W/ PROOF OF FUNDS.

Details

Property type

Single Family Residence

Est. home value

$28,550

Lot size

3,485 sq ft

Price per sq ft

$79

Year built

1925

Annual property taxes

$1,247

Price History

06/05/2024
Realcomp

Realcomp #20240039290

Listed
$160,000
+370.59%
01/04/2024
Realcomp

Realcomp #20240000630

Sold
$34,000
+1600%
04/23/2015
Realcomp

Realcomp #214121665

Sold
$2,000

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

Home Kapital Finance Llc

Loan start date

December 2023

Original loan amount

$69,500

Est. remaining balance

Not provided

Interest rate

7.76%

Loan type

Future Advance Clause / Open End Mortgage

Seller

The Bot Sea Llc

Lender

Home Kapital Finance Llc

Loan start date

December 2023

Original loan amount

$69,500

Est. remaining balance

Not provided

Interest rate

7.76%

Loan type

Future Advance Clause / Open End Mortgage

Seller

The Bot Sea 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: 07/04/2024 at 10:55 PM

Listing updated: 06/06/2024 at 6:04 AM

Listed by: Mikhail Grigoryan, Detroit Progress Realty LLC Phone #: (313) 888-6060

MLS: Realcomp #20240039290

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