20490 HANNA Street Active

Highland Park,MI 48203

$ 58900

4 Beds

1.5 Baths

1276 SqFt


Key Details

Property Type Single Family Home

Sub Type Bungalow

Listing Status Active

Purchase Type For Sale

Square Footage 1,276 sqft

Price per Sqft $46

Subdivision Eight-Oakland Sub No 1 (Plats)

MLS Listing ID 20240072639

Style Bungalow

Bedrooms 4

Full Baths 1

Half Baths 1

Year Built 1947

Annual Tax Amount $1,050

Lot Size 3,920 Sqft

Property Description

Long-Term Tenant Investment Opportunity ? Detroit Brick Bungalow

An incredible investment opportunity awaits at 20490 Hanna St! This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease. They would prefer to stay, but can move if needed. With market rent in the area reaching up to $1,400/month, there?s great potential for increased cash flow.
Situated near the new Amazon warehouse and major freeways, the location offers easy access and convenience for tenants. This home features a full basement, providing ample storage, and a detached garage for additional parking. The bathroom has been updated with new flooring, and the home offers plenty of space with 4 bedrooms, making it a solid investment with future growth potential whether it's with cash or sec 8 paying tenants.

Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value. Don?t miss out on this prime investment opportunity in a growing area of Detroit!

Location

State MI

County Wayne

Area Det 6-8 Grfld-Dequindre

Interior

Heating Forced Air

Exterior

Garage Detached

Garage Description 1 Car

Waterfront no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary),Sewer at Street

Water Public (Municipal),Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $240

Acceptable Financing Cash,Conventional,FHA,VA

Listing Terms Cash,Conventional,FHA,VA

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