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Buy&Hold (Rental): 16500 Patton St, Detroit, MI 48219 - SOLD

Updated: Jul 10, 2023

Single Family Investment Opportunity















Price

$50,000


OFF-Market Cash Flow Opportunity


Address: 16500 Patton, Detroit, MI 48219

Property Type: Single-Family

Bedrooms: 3 | Bathrooms: 1 | Sqft: 1,296

Asking Price: $50,000

Occupancy Status: Occupied

Monthly Rent: $900

Structure: Brick

Garage: Yes


Discover an exceptional cash flow opportunity with this off-market property located at 16500 Patton in Detroit, MI. This single-family home presents a lucrative investment for savvy investors seeking a reliable income stream.


Featuring 3 bedrooms and 1 bathroom spread across 1,296 square feet, this property offers spacious living areas and comfortable bedrooms, making it an attractive choice for tenants. Currently occupied, this home generates a monthly rent of $900, ensuring a steady cash flow from day one.


The solid brick structure adds to the property's appeal, providing durability and low-maintenance benefits. Additionally, a garage is included, offering convenient parking and storage options for residents.


Take a closer look at the provided photos to gain a visual understanding of the property's condition and potential. These images highlight the home's features and layout, giving you valuable insight into the investment opportunity at hand.


Situated in a desirable location in Detroit, this property is surrounded by local amenities, schools, parks, and convenient transportation options. The area's ongoing development and investment make it an enticing choice for real estate investors looking to capitalize on Detroit's promising future.


Don't miss out on this off-market gem, with an asking price of $50,000. Benefit from the existing occupancy, attractive rental income, and the potential for long-term appreciation in a growing market.


For more information or to schedule a viewing, please submit all offers directly to sarter@promiselandrealtyllc.com. Seize this opportunity now and secure a cash flow investment with strong rental potential.


Disclaimer: All information provided is deemed reliable but not guaranteed. Buyers are advised to perform their own due diligence and verify all details to their satisfaction.


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*

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