tomo logo

$140,000

Beds
3
Baths
1.0
sq ft
1,430

5574 Buckingham Ave, Detroit, MI 48224

5574 Buckingham Ave

DetroitCity_Wayne, MI 48224

  • 1 day on market
This well-maintained investment property offers a steady income stream with a reliable tenant paying $1,300/month. Located in a desirable Detroit neighborhood, this property is an excellent opportunity for investors seeking a low-maintenance, income-generating asset. Conveniently situated near local amenities, schools, and transportation, this property is ideal for long-term investment. Don’t miss out on this great opportunity. Property can be sold individually or packaged with the following properties - 12716 RIAD Street, 15431 Cruse, and 449 w Evelyn. INTERIOR PHOTOS TAKEN PRIOR TO TENANT OCCUPANCY

Details

Property type

Single Family Residence

Est. home value

$112,946

Lot size

4,792 sq ft

Price per sq ft

$98

Year built

1937

Annual property taxes

$1,890

HOA

No

Price History

03/31/2025
Realcomp

Realcomp #20250021471

Listed
$140,000
+100%
07/07/2024
Realcomp

Realcomp #20240033895

Sold
$70,000
-22.14%
06/10/2024
Realcomp

Realcomp #20240033895

Listed
$89,900

Schools & Community

Neighborhood: 

Morningside

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

Wells Fargo Home Mortgage Inc

Loan start date

May 2007

Original loan amount

$3,193

Est. remaining balance

$562

Interest rate

6.14%

Loan type

Not Provided, 20 year

Seller

Paula A May

Lender

Wells Fargo Home Mortgage Inc

Loan start date

May 2007

Original loan amount

$3,193

Est. remaining balance

$562

Interest rate

6.14%

Loan type

Not Provided, 20 year

Seller

Paula A May

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: 04/02/2025 at 12:45 AM

Listing updated: 04/01/2025 at 6:07 AM

Listed by: Raphael D Fazzolari, Rondo Investment LLC Phone #: (313) 521-6666

MLS: Realcomp #20250021471

Realcomp logo

Recently listed in DetroitCity_Wayne

$80,000|2 bd|1.0 ba|House
$118,000|3 bd|2.0 ba|House
$190,000|3 bd|2.5 ba|House
$90,000|3 bd|2.0 ba|House
$78,500|2 bd|1.5 ba|House
$99,900|3 bd|2.0 ba|House
$124,900|3 bd|1.0 ba|House
$75,000|3 bd|1.5 ba|House
$75,000|3 bd|1.5 ba|House
$144,900|3 bd|2.0 ba|House