tomo logo

$110,000

Beds
3
Baths
2.0
sq ft
2,054

5541 Grayton St, Detroit, MI 48224

5541 Grayton St

Detroit, MI 48224

  • 76 days on market
**Turnkey 4-Bedroom Rental in East English Village, Detroit**Investors, don't miss this prime opportunity in Detroit's desirable East English Village! This 4-bedroom, 1-bathroom turnkey rental property is already income-producing, with a long-term tenant of 12 years in place, paying $1,100 per month. Professionally managed by a reliable property management company, this property offers hassle-free ownership and consistent cash flow.Located on the east side of Detroit, East English Village is known for its strong community vibe and well-maintained homes. Whether you're looking to expand your portfolio or secure your first rental property, this gem provides stability and peace of mind.

Details

Property type

Single Family Residence

Est. home value

$93,061

Lot size

5,663 sq ft

Price per sq ft

$54

Year built

1930

Annual property taxes

$1,800

Price History

11/18/2024
Realcomp

Realcomp #81024046256

Listed
$110,000
10/16/2024
Realcomp

Realcomp #81024046256

Removed
$110,000
10/09/2024
Realcomp

Realcomp #81024046256

Listed
$110,000

Schools & Community

Neighborhood: 

East English Village

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

First National Bank Of Arizona

Loan start date

April 2006

Original loan amount

$115,200

Est. remaining balance

$70,148

Interest rate

6.37%

Loan type

Not Provided, 30 year

Seller

Jace Hammel

Lender

First National Bank Of Arizona

Loan start date

April 2006

Original loan amount

$14,400

Est. remaining balance

Not provided

Interest rate

6%

Loan type

Stand Alone Second, 15 year

Seller

Jace Hammel

Lender

First National Bank Of Arizona

Loan start date

April 2006

Original loan amount

$115,200

Est. remaining balance

$70,148

Interest rate

6.37%

Loan type

Not Provided, 30 year

Seller

Jace Hammel

Lender

First National Bank Of Arizona

Loan start date

April 2006

Original loan amount

$14,400

Est. remaining balance

Not provided

Interest rate

6%

Loan type

Stand Alone Second, 15 year

Seller

Jace Hammel

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?

Status: Active

Tomo last checked: 11/19/2024 at 3:30 PM

Listing updated: 11/18/2024 at 1:30 AM

Listed by: Kingsley Ifezue, Detroit Metro Realty Phone #: (586) 262-6757

MLS: Realcomp #81024046256

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