$69,000 for Sale

7345 penrod street, detroit, MI 48228

Beds 2

Baths 1

800 Sqft

0.12 Acres

1 of 16

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Property Description

Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1050/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023, rent increased as of June 2024. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**

General Information

Sale Price: $69,000

Price/SqFt: $86

Est. Payments: $453*

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Status: Active

MLS#: 20250010414

City: detroit

Post Office: detroit

Schools: detroit

County: Wayne

Subdivision: westhaven (plats)

Acres: 0.12

Lot Dimensions: 40.00 x 138.00

Bedrooms:2

Bathrooms:1 (1 full, 0 half)

House Size: 800 sq.ft.

Acreage: 0.12 est.

Year Built: 1939

Property Type: Single Family

Style: Bungalow

Features & Room Sizes

Paved Road: Paved
Garage: No Garage
Construction: Brick,Vinyl
Exterior: Brick, Vinyl

Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)

Tax, Fees & Legal

Home warranty: No
Est. Summer Taxes: $1,128
Est. Winter Taxes: $105

HOA fees: 0
Legal Description: W PENROD 314 AND E 9 FT OF VAC ALLEY ADJ WESTHAVEN SUB L40 P75 PLATS, W C R 22/213 40 X 138

Map

IDX provided courtesy of Realcomp II Ltd. via American Associates Inc. and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Bailee Clanton of Home Source Realty LLC, Phone: (313) 384-5731

810-691-5051 Call Debbie Caldwell for more information about this property.

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Listings Presented by:

Debbie Caldwell

Call:

810-691-5051

Office:

888-733-3333

This Single-Family Home located at

7345 penrod street, detroit MI, 48228

is currently for sale. This property is listed for $69,000.

For Sale | $69,000 | 2 Bed, 1 Bath | 800 Sq Ft MLS ID rcomi20250010414

7345 penrod street has 2 bedrooms, approximately 800 square feet. This home is in the detroit school district and has a lot size of 40.00 x 138.00 with 0.12 acres and was built in 1939. 7345 penrod street is in detroit and in ZIP Code 48228 area.
If you have any question about this property or any others, please don't hesitate to contact me.