tomo logo

$127,500

Beds
3
Baths
1.5
sq ft
1,195

3531 Somerset Ave, Detroit, MI 48224

3531 Somerset Ave

DetroitCity_Wayne, MI 48224

    Turnkey Rental Property – Renovated Brick Bungalow Near Grosse Pointe in Morningside Neighborhood. Investors, don’t miss this incredible turnkey rental opportunity! This recently renovated (2024) brick bungalow is tenant-occupied with a signed lease through March 31, 2026, generating $1,275 per month in rental income. With its recent renovations in 2024, including a modern kitchen with granite countertops, main floor bathroom renovation, half bathroom addition to basement, LVP flooring throughout, fresh paint throughout, new hot water heater and 80% efficiency 60 BTU Furnace, an much more, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located near the Grosse Pointe border in desirable Morningside Neighborhood, this home offers unbeatable convenience, within walking distance to popular restaurants and shops on Mack Avenue, including The Cracked Egg of Grosse Pointe and Alma Kitchen. Nearby, you’ll also find Aldi, Trader Joe’s, and other shops and restaurants, making this a highly desirable area for renters. The home features modern updates, renovated in 2024, and long-term rental stability, making it a hassle-free investment. With its prime location and steady cash flow, this is an excellent buy-and-hold opportunity for investors looking to expand their portfolio. To respect the tenant's privacy, showings will only be scheduled after an accepted offer.

    Details

    Property type

    Single Family Residence

    Lot size

    5,227 sq ft

    Price per sq ft

    $107

    Year built

    1939

    Annual property taxes

    $2,137

    HOA

    No

    Price History

    03/20/2025
    Realcomp

    Realcomp #20250016865

    Listed
    $127,500
    +82.14%
    10/16/2024
    Realcomp

    Realcomp #20240061571

    Sold
    $70,000
    09/30/2024
    Realcomp

    Realcomp #20240061571

    Pending
    $70,000

    Schools & Community

    Neighborhood: 

    Morningside

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High school district: 

    Detroit

    Status: Active

    Tomo last checked: 03/31/2025 at 6:00 AM

    Listing updated: 03/27/2025 at 9:39 AM

    Listed by: Brenda Meeuwenberg, Coldwell Banker Professionals-Northville Phone #: (248) 347-3050

    MLS: Realcomp #20250016865

    Realcomp logo

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