20495 concord street, detroit, MI 48234

Great Investment Opportunity – Subject to Existing Mortgage! This charming 3-bedroom, 1-bath home is an excellent investment opportunity, with potential cash flow ranging from $500 to $700 per month. The property is subject to the existing mortgage, offering a unique financing option for buyers. Key highlights include a 5-year-old roof, a 10-year-old furnace in great condition, and a fully functional hot water system. The electrical and plumbing have been updated, and the home has no structural issues. The basement offers extra storage or the possibility for future upgrades. Located in Detroit’s historic Conant Gardens neighborhood on the city's east side, this area is known for its close-knit community and rich history. It’s also close to local parks, schools, and shopping centers, making it a highly desirable location for residents. With only minor cosmetic updates needed, the home can be easily customized or kept tenant-occupied. The current tenant, paying $600 per month (below market rate), is open to staying or relocating as needed. This property is perfect for investors seeking reliable rental income or first-time buyers looking to build equity. Don’t miss this chance to own a cash-flowing property! Price already includes existing mortgage balance. FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price.

IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders Listing By: TJ Brisbois of Wise Property Buyers, Phone: (734) 968-4359