top of page
Search

Buy&Hold (Rental): 11924 Wayburn St, Detroit, MI 48224 + UNAVAILABLE

Updated: Jan 20

Single Family Investment Opportunity








Price

$40,000


Address: 11924 Wayburn, Detroit, MI 48224

Property Type: Single-Family Residential

Bedrooms: 3

Bathrooms: 1

Square Footage: 1,035 sqft


We are excited to present you with an exclusive off-market opportunity for a charming brick property located at 11924 Wayburn, Detroit, MI 48224. This property offers tremendous potential for investors seeking a profitable venture in the thriving Detroit real estate market.

Property Details:

  • Address: 11924 Wayburn, Detroit, MI 48224

  • Property Type: Single-Family Residential

  • Bedrooms: 3

  • Bathrooms: 1

  • Square Footage: 1,035 sqft

Current Status: The property is currently tenant-occupied, generating a stable monthly income of $700 on a month-to-month lease basis. This provides immediate cash flow and a hassle-free transition for the new owner. The tenant is willing to stay, making it an attractive investment opportunity for those seeking reliable rental income.


Potential: With just cosmetic updates required, this property is ideal for investors looking to add value through minimal renovations. Once updated, the market rent for similar properties in the area is estimated to be around $1,144 per month, offering a significant potential return on investment.


Location: Situated in a desirable neighborhood of Detroit, this property benefits from its convenient location, with easy access to schools, parks, shopping centers, and major transportation routes. The area has experienced recent revitalization efforts, making it an attractive destination for both renters and potential homebuyers.


Asking Price: $40,000 The asking price for this property presents an exceptional investment opportunity. With the potential for strong cash flow and substantial equity growth, this property is priced to sell quickly.


Please note that this is an off-market listing, and as such, we encourage interested buyers to act promptly. Opportunities like this don't come around often, and this property has the potential to be a lucrative addition to your investment portfolio.


For more information or to schedule a viewing, please contact us at your earliest convenience. We are here to assist you throughout the entire process and answer any questions you may have.


Thank you for considering this off-market listing. We look forward to hearing from you soon and helping you secure a profitable investment in Detroit, MI. Please submit all offers directly to sarter@promiselandrealtyllc.com



Property Comps


"Your #1 Source for Off Market Investment Properties, NATIONWIDE"









PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*


45 views0 comments

تعليقات


bottom of page