tomo logo

$75,000

Beds
3
Baths
1.0
sq ft
1,342

14393 Strathmoor St, Detroit, MI 48227

14393 Strathmoor St

Detroit, MI 48227

  • 25 days on market
SECTION 8 ***CITY CERTIFIED***SKY HIGH ROI OF 10%*** Solid Brick 3 Bed colonial on Detroit's Westside, cash cow produces over 13k of gross income annually, professionally managed and turnkey ready for a savvy investor. Section 8 voucher for $1,100/month can be maximized and increased in the future. This property has been awarded a rental certification of occupancy by the City of Detroit and passed annual section 8 re-inspection. Features of this large colonial include- 3 nice sized bedrooms, large living room, dinning room, full bath and basement. Outside find a 3D shingled roof and vinyl windows. Family friendly with generous sized lot, detached garage and fenced yard. With a great location near schools, shopping and many dining options, this rental is always in demand. Add this cash flow gem to your portfolio!!!

Details

Property type

Single Family Residence

Est. home value

$71,303

Lot size

4,792 sq ft

Price per sq ft

$56

Year built

1924

Annual property taxes

$2,633

Price History

06/09/2024
Realcomp

Realcomp #20240040274

Listed
$75,000
06/01/2024
Realcomp

Realcomp #20230101467

Removed
$75,000
03/20/2024
Realcomp

Realcomp #20230101467

Price change
$75,000
-3.85%

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

Countrywide Bank Fsb

Loan start date

April 2007

Original loan amount

$60,000

Est. remaining balance

$38,845

Interest rate

6.14%

Loan type

New Conventional, 30 year

Seller

Hugh Bazzi

Lender

Countrywide Bank Fsb

Loan start date

April 2007

Original loan amount

$60,000

Est. remaining balance

$38,845

Interest rate

6.14%

Loan type

New Conventional, 30 year

Seller

Hugh Bazzi

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 11:00 PM

Listing updated: 06/09/2024 at 6:03 AM

Listed by: Sam Berri, U.S. Investor Group Phone #: (313) 644-0034

MLS: Realcomp #20240040274

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