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$84,995

Beds
3
Baths
1.0
sq ft
1,067

20144 Packard St, Detroit, MI 48234

20144 Packard St

Detroit, MI 48234

  • 18 days on market
Attention Investors! This 3-bedroom brick bungalow in Detroit’s Sherwood neighborhood is a turnkey opportunity, already generating rental income. With a tenant in place for over a year who intends to stay, this property offers immediate returns and minimal management effort. Property Features: • Built in 1951, 1,067 sq. ft. on a 0.09-acre lot. • Includes 3 bedrooms, 1 bathroom, a living room, dining area, full basement (792 sq. ft.), and a detached 1.5-car garage. Conveniently located near schools, parks, and public transportation, this home is perfectly situated for continued rental demand. Sold as-is, with motivated sellers open to offers, this is an excellent choice for investors seeking healthy ROI and steady income

Details

Property type

Single Family Residence

Est. home value

$63,052

Lot size

3,920 sq ft

Price per sq ft

$80

Year built

1951

Annual property taxes

$2,322

Price History

12/05/2024
MiRealSource

MiRealSource #50162506

Listed
$84,995
+19.71%
06/22/2023
Realcomp

Realcomp #20230035038

Sold
$71,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit City School District

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

Uif Corporation

Loan start date

June 2023

Original loan amount

$60,350

Est. remaining balance

$56,378

Interest rate

5.76%

Loan type

New Conventional, 15 year

Seller

Omar Faruk

Lender

Uif Corporation

Loan start date

June 2023

Original loan amount

$60,350

Est. remaining balance

$56,378

Interest rate

5.76%

Loan type

New Conventional, 15 year

Seller

Omar Faruk

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: 12/22/2024 at 7:15 PM

Listing updated: 12/05/2024 at 1:40 PM

Listed by: Christian Parsons, Coverage Realty LLC Phone #: (586) 804-2974

MLS: MiRealSource #50162506

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