15776 snowden street, detroit, MI 48227

Great Investment Opportunity at 15776 Snowden St! Currently tenant-occupied creating great cash flow at $1275/month. Cap Rate 9% based on current expenses including property management services, taxes, & insurance! Part of a 3-property rental portfolio in Detroit - can be sold individually or together (inquire about other properties). The owner has put in over $61k in updates, renovations, & finishes to this home - including $16k worth of sewer & plumbing replacement/repair! Updates include new roof, new vinyl windows & blinds, new vinyl flooring, new prime & paint, new kitchen cabinets/countertop/faucet, new ceramic tile, new lighting, & much more! (Full Scope of Work available) This home is set up for you to take over! With just under 1500 sqft of living space, this 2-story colonial has 3 Bedrooms & 1 Bathroom and offers space & features throughout making it a desirable home. The first floor has a nice flow from room to room with tons of natural light, plus a charming flex space with glass block windows and wall detail. Off the kitchen, there is an extra space to create a breakfast nook or pantry. On the second floor, you'll find the 3 bedrooms and bathroom, plus a lovely three-seasons room full of windows offering a nice retreat for residents. Unfinished basement offers storage space & the ability to rehab a half bathroom. The fenced in back yard has a nice parking pad with space to fit at least 2 vehicles. CENTRALLY LOCATED - 15 min drive to Downtown Detroit, Dearborn, Oak Park, or Ferndale. Easy access to M-10! *Some photos have been digitally edited to remove boards covering first floor windows & adding exterior imagery. Photos were taken prior to tenant moving in and windows were boarded up. The boards have been removed. Actual first floor windows will look slightly different from interior photos.* Part of a 3-property rental portfolio in Detroit that can be sold individually or together - 15716 Cherrylawn, Detroit (Duplex - MLS#20240053592) & 5900 Lenox, Detroit (Duplex - MLS#20240038520)

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Jeffrey Cash of Nika & Co

This listing last updated: Wed, July 24, 2024 at 6:41:41 PM EDT

MIRealSource Listing Data Last Updated On Wednesday, July 31 2024 at 2:09pm