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$149,000

Beds
4
Baths
2.0
sq ft
1,378

16887 Cheyenne St, Detroit, MI 48235

16887 Cheyenne St

Detroit, MI 48235

  • 19 days on market
**Turnkey Investment Opportunity – Tenant Occupied, Fully Updated 3 Bed/2 Bath Home** Looking for a hassle-free investment? Look no further! This beautifully updated 3-bedroom, 2-bathroom home offers a solid return with a current tenant in place, generating $1,344 per month in rental income. The home has been fully updated with contemporary finishes, offering a sleek and stylish living space. Expanding the living area, the finished basement adds extra value and versatility to this property. This is a turnkey investment that requires minimal effort on your part. With a reliable tenant already in place, you can start earning income immediately. Property showings will be available the week of September 9, 2024. However, due to tenant occupancy, showings will be prioritized for those who submit an offer. Don’t miss out on this incredible opportunity—submit your offer today to secure a showing! More photos are coming soon—stay tuned!

Details

Property type

Single Family Residence

Est. home value

$119,496

Lot size

3,920 sq ft

Price per sq ft

$109

Year built

1940

Annual property taxes

$3,135

Price History

09/03/2024
Realcomp

Realcomp #20240065357

Listed
$149,000
+16.41%
11/28/2022
Realcomp

Realcomp #20221064578

Sold
$128,000
+100%
02/02/2022
Realcomp

Realcomp #2220002118

Sold
$64,000
+221.61%

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

Highlands Residential Mortgage Ltd

Loan start date

November 2022

Original loan amount

$96,000

Est. remaining balance

$94,132

Interest rate

6.66%

Loan type

New Conventional, 30 year

Seller

Michael Houston

Lender

Highlands Residential Mortgage Ltd

Loan start date

November 2022

Original loan amount

$96,000

Est. remaining balance

$94,132

Interest rate

6.66%

Loan type

New Conventional, 30 year

Seller

Michael Houston

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: 09/22/2024 at 11:20 PM

Listing updated: 09/06/2024 at 6:11 AM

Listed by: Martin Hill, Century 21 Curran & Oberski Phone #: (248) 264-1700

MLS: Realcomp #20240065357

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