15776 Snowden St, Detroit, MI 48227

Great Investment Opportunity at 15776 Snowden St! Currently tenant-occupied creating great cash flow at $1275/month. Cap Rate 9% based on current expenses including property management services, taxes, & insurance! Part of a 3-property rental portfolio in Detroit - can be sold individually or together (inquire about other properties). The owner has put in over $61k in updates, renovations, & finishes to this home - including $13k worth of sewer & plumbing replacement/repair! Updates include new roof, new vinyl windows & blinds, new vinyl flooring, new prime & paint, new kitchen cabinets/countertop/faucet, new ceramic tile, new lighting, & much more! (Full Scope of Work available) This home is set up for you to take over! With just under 1500 sqft of living space, this 2-story colonial has 3 Bedrooms & 1 Bathroom and offers space & features throughout making it a desirable home. The first floor has a nice flow from room to room with tons of natural light, plus a charming flex space with glass block windows and wall detail. Off the kitchen, there is an extra space to create a breakfast nook or pantry. On the second floor, you'll find the 3 bedrooms and bathroom, plus a lovely three-seasons room full of windows offering a nice retreat for residents. Unfinished basement offers storage space & the ability to rehab a half bathroom. The fenced in back yard has a nice parking pad with space to fit at least 2 vehicles. CENTRALLY LOCATED - 15 min drive to Downtown Detroit, Dearborn, Oak Park, or Ferndale. Easy access to M-10! *Some photos have been digitally edited to remove boards covering first floor windows & adding exterior imagery. Photos were taken prior to tenant moving in and windows were boarded up. The boards have been removed. Actual first floor windows will look slightly different from interior photos.*