Investor Special: 10%+ Cap Rate, Tenant in Place, Immediate Cash Flow
Solid cash-flowing asset in Detroit’s resurging West Side. This spacious 1,750 sq ft bungalow is currently bringing in $1,675/month in rent, with a long-term tenant on a month-to-month lease who prefers to stay. That means income from day one, with flexibility to reposition or raise rents over time. 10% Cap Rate gives a strong return on your investment!
Key investor highlights:
4 bed / 2.5 bath layout ideal for long-term rental demand
Tenant pays utilities, minimizing owner expenses
Month-to-month lease = flexibility without vacancy risk
Room to improve cash flow with minor updates or rental increases
Proximity to Joe Louis Greenway adds long-term value
The home itself offers character and charm with functional updates:
A private en-suite primary upstairs, three main floor bedrooms (one with its own private entrance), a finished basement, large backyard, and a detached garage round out this turn-key package.
**Homes with this square footage, location, and income potential rarely come at this price.
Do not disturb tenant. Showings after accepted offer. BTVAI.
For sale
$124,900
9327 Cloverlawn St, Detroit, MI 48204
4beds
1,844sqft
Est.:
Single Family Residence
Built in 1945
4,791.6 Square Feet Lot
$122,400 Zestimate®
$68/sqft
$-- HOA
What's special
Detached garageLarge backyardFinished basementFunctional updatesCharacter and charmPrivate en-suite primary upstairs
- 30 days
- on Zillow |
- 351 |
- 16 |
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