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$79,900

Beds
3
Baths
1.0
sq ft
960

8645 Brace St, Detroit, MI 48228

8645 Brace St

Detroit, MI 48228

  • 63 days on market
**INVESTORS** This 3 bedroom, 1 bathroom ranch is the perfect TURN-KEY addition to your rental portfolio! The property comes with a SECTION 8 tenant whose rent is 1,135/month and is on a 1-year lease thru July 2025! The property was updated prior to this tenant moving in and features laminate flooring throughout most of the property, an updated kitchen w/ granite countertops and ceramic tile flooring, an updated bathroom, forced air heating, a newer 3D architectural shingle roof, updated romex wiring w/ a 100 amp electrical panel, PEX & PVC plumbing, vinyl siding, vinyl windows, and much more! Located in the Cody-Warrendale Strategic Neighborhood Fund area which has already seen 10s of millions of dollars of public and private investment with more to come! The property is also conveniently located near both the I-96 and Southfield freeways. NO SELLER FINANCING.

Details

Property type

Single Family Residence

Est. home value

$57,268

Lot size

4,356 sq ft

Price per sq ft

$84

Year built

1950

Annual property taxes

$594

Price History

07/16/2024
Realcomp

Realcomp #20240051326

Listed
$79,900
+35.42%
01/26/2024
Realcomp

Realcomp #20230076380

Removed
$59,000
09/08/2023
Realcomp

Realcomp #20230076380

Listed
$59,000
+18%

Schools & Community

Neighborhood: 

Warrendale

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

Staunton Financial Inc

Loan start date

April 2023

Original loan amount

$40,000

Est. remaining balance

$39,336

Interest rate

6.32%

Loan type

New Conventional, 30 year

Seller

Daniel Michael Amodeo

Lender

Staunton Financial Inc

Loan start date

April 2023

Original loan amount

$40,000

Est. remaining balance

$39,336

Interest rate

6.32%

Loan type

New Conventional, 30 year

Seller

Daniel Michael Amodeo

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: 09/18/2024 at 12:05 AM

Listing updated: 08/23/2024 at 2:43 PM

Listed by: Ryan E Kain, RE/MAX Leading Edge Phone #: (734) 404-8800

MLS: Realcomp #20240051326

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