tomo logo

$145,000

Beds
3
Baths
1.5
sq ft
1,078

20101 Tracey St, Detroit, MI 48235

20101 Tracey St

DetroitCity_Wayne, MI 48235

    This Detroit, MI property is an outstanding investment opportunity! This well-maintained property generates consistent rental income providing immediate cash flow for investors. This property is part of a 11-property portfolio, each in similar condition with comparable rental income. All properties are currently occupied by long-term tenants, offering stability and reliable returns. Please feel welcome to drive by the property to view the exterior, but do not disturb the tenants. For more information or to request financial documents, contact us today. Don’t miss out on this exceptional opportunity!

    Details

    Property type

    Single Family Residence

    Est. home value

    $127,559

    Lot size

    5,227 sq ft

    Price per sq ft

    $135

    Year built

    1950

    Annual property taxes

    $1,906

    HOA

    No

    Price History

    01/22/2025
    Realcomp

    Realcomp #20240090906

    Listed
    $145,000

    Schools & Community

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High 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

    New Century Mortgage Corp

    Loan start date

    August 2003

    Original loan amount

    $117,300

    Est. remaining balance

    Not provided

    Interest rate

    7.15%

    Loan type

    Not Provided, 30 year

    Seller

    Lillie Mae Hill and Lillie Hill

    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: 04/01/2025 at 7:25 PM

    Listing updated: 03/25/2025 at 9:15 AM

    Listed by: Dawn Thompson, Exit United Realty Professionals Phone #: (248) 677-3220

    MLS: Realcomp #20240090906

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