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$150,000

Beds
3
Baths
1.0
sq ft
800

18551 Patton St, Detroit, MI 48219

18551 Patton St

Detroit, MI 48219

  • <1 day on market
LOCATED 6 MINUTES FROM THE HISTORIC  ROSEDALE PARK DISTRICT YOU WILL FIND 18551 PATTON NESTLED ON A HUGE 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND HAS BEEN RECENTLY REMODELED. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED FURNACE AND HOT WATER . IN ADDITION SHE HAS NEWER PLUMBING AND BRAND NEW ELECTRICAL TO INSURE MAINTENANCE FREE CASH FLOW. THIS SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. SHE HAS JUST BEEN LEASED FOR 2 YEARS WITH SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1768 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 % THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Details

Property type

Single Family Residence

Lot size

4,356 sq ft

Price per sq ft

$188

Year built

1947

Annual property taxes

$768

Price History

01/13/2025
Realcomp

Realcomp #20250002808

Listed
$150,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Status: Active

Tomo last checked: 01/14/2025 at 11:00 AM

Listing updated: 01/14/2025 at 6:05 AM

Listed by: Marta Kopania, 1st Michigan Real Estate Phone #: (734) 301-6553

MLS: Realcomp #20250002808

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