3531 SOMERSET Avenue Detroit, MI 48224
3 Beds
1.5 Baths
1,195 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Bungalow
Listing Status Active
Purchase Type For Sale
Square Footage 1,195 sqft
Price per Sqft $106
Subdivision Meininger
MLS Listing ID 20250016865
Style Bungalow
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1939
Annual Tax Amount $2,137
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 62.00 x 86.00
Property Sub-Type Bungalow
Property Description
Neighborhood. Investors, don't miss this incredible turnkey rental opportunity! This recently renovated (2024) brick bungalow is tenant-occupied with a signed lease through March 31, 2026, generating $1,275 per month in rental income. With its recent renovations in 2024, including a modern kitchen with granite countertops, main floor bathroom renovation, half bathroom addition to basement, LVP flooring throughout, fresh paint throughout, new hot water heater and 80% efficiency 60 BTU Furnace, an much more, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located near the Grosse Pointe border in desirable Morningside Neighborhood, this home offers unbeatable convenience, within walking distance to popular restaurants and shops on Mack Avenue, including The Cracked Egg of Grosse Pointe and Alma Kitchen. Nearby, you'll also find Aldi, Trader Joe's, and other shops and restaurants, making this a highly desirable area for renters. The home features modern updates, renovated in 2024, and long-term rental stability, making it a hassle-free investment. With its prime location and steady cash flow, this is an excellent buy-and-hold opportunity for investors looking to expand their portfolio. To respect the tenant's privacy, showings will only be scheduled after an accepted offer.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Direction Just N of Mack Ave between Alter and Outer Drive
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Description No Garage
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Warranty No
Level or Stories 1 1/2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I067611S
Ownership Short Sale - No,Private Owned
Assessment Amount $250
Acceptable Financing Cash, Conventional
Rebuilt Year 2024
Listing Terms Cash, Conventional
Financing Cash,Conventional
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