20320 Dresden Street, Detroit, MI 48205
20320 Dresden Street, Detroit, MI 48205
20320 Dresden Street, Detroit, MI 48205
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Kory Lambarth

Kory Lambarth

+1(313) 283-2781
$ 68,000
Est. payment | /mo

2 Beds

1 Bath

679 SqFt

Save
$ 68,000
Est. payment | /mo
Save

2 Beds

1 Bath

679 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 679 sqft

Price per Sqft $100

MLS Listing ID 20261070194

Bedrooms 2

Full Baths 1

Year Built 1948

Annual Tax Amount $2,227

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40X116.6

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

INVESTORS AND HOMEOWNERS—DON'T MISS THIS OPPORTUNITY! Solid 2-bedroom, 1-bath Detroit home offering approximately 700 sq. ft. of living space plus a full basement. Whether you're looking to add an income-producing property to your portfolio or an affordable home to make your own, this property offers flexibility, value and upside potential.For investors, a long-term tenant is currently in place and would like to remain, offering the opportunity for immediate rental income from day one. Area rental rates indicate potential for increased rental income, with approximately $1,250/month possible based on current market conditions; buyer to independently verify market rent and rental projections.Major mechanical improvements have already been addressed, including a newer HVAC/furnace system, while the roof is approximately 10 years old or less. The home is solid and functional, with primarily cosmetic updating offering an opportunity to further enhance value and long-term return.Not just for investors—owner-occupants can also take advantage of an affordable home with a full basement, brick and vinyl exterior, newer major mechanicals and the opportunity to personalize the property over time.ESTABLISHED TENANT. IMMEDIATE INCOME POTENTIAL. RENTAL UPSIDE. SOLID HOME. VALUE-ADD OPPORTUNITY. A versatile property with multiple paths for the next owner. Schedule your showing and take a closer look!Licensed real estate agent has an ownership interest in the selling LLC and a financial interest in the transaction

Location

State MI

County Wayne

Direction S of 8 Mile Rd, E of Groesbeck Hwy

Rooms

Basement Daylight

Interior

Heating Forced Air

Exterior

Parking Features Detached

Garage Spaces 2.0

View Y/N No

Garage Yes

Building

Story 1

Sewer Public

Water Public

Structure Type Aluminum Siding

Schools

School District Detroit

Others

Tax ID W21I034791S

Acceptable Financing Cash, Conventional, Land Contract

Listing Terms Cash, Conventional, Land Contract

Listed by NERG Real Estate Experts

NEARBY SCHOOLS & PROPERTIES

Kory Lambarth

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(313) 283-2781

kory@korvanrealty.com

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20320 Dresden Street