$75,000 Sold
7541 archdale street, detroit, MI 48228
Property Description
Tremendous turn-key investment opportunity in desirable Warrendale subdivision. 3BR Ranch with hardwood floors in excellent condition. Tenant is long-term at $800/mo with six strong years of occupancy. This is a perfect home for new or out of state investors who want easy, passive income! Current CAP Rate is 13% and with a rent increase to the standard $1K per month, CAP soars to 17%. This is a winner! Priced to sell - won't last! Please do not disturb tenant. Qualified buyers only.
General Information
Sold Price: $75,000
Price/SqFt: $82
Status: Sold
Date Sold: 11/27/2024
MLS#: 20240085912
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.11
Lot Dimensions: 40.00 x 115.00
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 914 sq.ft.
Acreage: 0.11 est.
Year Built: 1959
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Paved Road: Paved
Garage: No Garage
Construction: Brick,Vinyl
Exterior: Brick, Vinyl
Garage: No Garage
Construction: Brick,Vinyl
Exterior: Brick, Vinyl
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Cooling: Central Air
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Basement Description: Unfinished
Foundation : Basement
Cooling: Central Air
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,017
Est. Winter Taxes: $95
Est. Summer Taxes: $1,017
Est. Winter Taxes: $95
HOA fees: 0
Legal Description: W ARCHDALE 496 WEST HAVEN NO 1 SUB L43 P37 PLATS, W C R 22/251 40 X 115
Legal Description: W ARCHDALE 496 WEST HAVEN NO 1 SUB L43 P37 PLATS, W C R 22/251 40 X 115
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders Listing By: Craig Covert of Century 21 Curran & Oberski, Phone: (313) 274-7200
