12909 Riad Street Detroit MI 48224 MLS #20251034696

Section 8 pays 100 percent 1472 on rent each month and it is section 8 inspected and approved. Please do not disturb tenant, make an offer. *Currently, the property is rented at an impressive $1,472 per month. With an investment of only $115,000, this provides a robust cap rate of approximately 15.4%, making it a standout choice for buyers searching for income-generating real estate.
Discover an outstanding investment opportunity at 12909 Riad Street, Detroit, Michigan, 48224. This property is located in a desirable area experiencing steady growth, making it an attractive option for investors seeking value, stable returns, and high rental demand in Detroit.
This well-built home enjoys an ideal position with convenient access to local necessities, enhancing its appeal to quality tenants. Wayne Elementary School is just 0.3 miles away, and Morningside Park is less than 0.5 miles from the property, offering excellent educational and recreational options nearby. Shopping is easy with Chandler Park Market only 0.6 miles away, and popular restaurants like Steve’s Soul Food are only five minutes by car, providing a range of dining and shopping options for residents.
The property features a practical layout and flexible living space, making it easy to maintain and maximizing your potential return. With its classic charm and solid construction, this home fits perfectly into Detroit’s strong rental market. Whether you’re a seasoned investor or just starting out, this address offers reliable cash flow and opportunities for long-term growth. Convenient access to major roads ensures quick commutes and additional rental appeal, supporting steady occupancy rates.
Don’t miss your chance to own a well-located rental in a strong Detroit neighborhood, close to schools, parks, and amenities. Contact us today for more information or to arrange a private viewing, and make 12909 Riad Street your next successful investment.