Turnkey Rental Property, Renovated in 2024, Leased Through 2026! Investors, here’s your prime opportunity! This turnkey rental property, renovated in 2024, offers immediate cash flow with a tenant already in place. The property is currently leased for $1,250 per month through December 31, 2025, with an increase to $1,312.50 per month from January 1, 2025, to December 31, 2026. With its recent renovations, including a modern kitchen with quartz countertops and a stylish subway tile backsplash, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located in a desirable neighborhood, this property is within walking distance of popular dining options on Mack Ave, including The Jagged Fork and Dish, as well as local favorites like Motor City Burgzs on Warren Ave. Fitness enthusiasts will appreciate the close proximity to the Eastside Tennis & Fitness Club and Balduck Park. Essential amenities like Village Market grocery store and St. John’s Hospital are also just minutes away. This is the ideal investment for those seeking a turnkey rental with recent updates and a long-term lease in place. Don’t miss out on this incredible investment opportunity in a high-demand rental market. To respect the tenant’s privacy, showings will be scheduled only after an accepted offer.
Property Details
Price:
$131,250
MLS #:
20250017044
Status:
Active
Beds:
3
Baths:
1
Address:
5291 FARMBROOK ST
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
RIVARD VILLAS
Neighborhood:
05055 – Det Con-Mors/Grat. Hstn/7 Mack
City:
Detroit
Listed Date:
Mar 18, 2025
State:
MI
Finished Sq Ft:
1,611
ZIP:
48224
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1940
See this Listing
I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…
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Schools
School District:
Detroit
Interior
Bathrooms
1 Full Bathroom
Cooling
Central Air
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Bungalow
Construction Materials
Vinyl Siding
Parking Features
No Garage
Financial
Taxes
$1,367
Map
Community
- Address5291 FARMBROOK ST Detroit MI
- SubdivisionRIVARD VILLAS
- CityDetroit
- CountyWayne
- Zip Code48224
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