$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 #20250016865
Listed
$127,500
+82.14%
10/16/2024

Realcomp #20240061571
Sold
$70,000
09/30/2024

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

Recently listed in DetroitCity_Wayne
$115,000|3 bd|1.5 ba|House
$75,000|2 bd|1.0 ba|House
$145,900|3 bd|1.0 ba|House
$150,000|3 bd|1.5 ba|House
$199,900|3 bd|1.5 ba|House
$149,900|3 bd|1.5 ba|House
$80,000|3 bd|1.0 ba|House
$75,000|3 bd|1.0 ba|House
$95,000|3 bd|1.0 ba|House
$225,000|5 bd|2.0 ba|House
Explore top cities in Michigan