Turnkey investment opportunity! This updated 2-bedroom, 1-bath home features a finished basement and a 1-car garage, offering practical living space and reliable rental income. The property is being sold subject to an existing lease with a Section 8 tenant in place at $1,300/month, bringing in $15,600 annually. Enjoy steady, government-backed payments and immediate cash flow from day one. Ideal for investors looking to expand their portfolio with a well-maintained, income-producing asset.
Property Details
Price:
$100,000
MLS #:
20250024202
Status:
Active
Beds:
2
Baths:
1
Address:
12631 ASBURY PARK
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
SCHOOLCRAFT ASBURY PK SUB
Neighborhood:
05034 – Det: Joy-Schoolcraft Grnfld-Limits
City:
Detroit
Listed Date:
Apr 8, 2025
State:
MI
Finished Sq Ft:
1,539
ZIP:
48227
Year Built:
1945
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
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Bungalow
Construction Materials
Brick
Parking Features
One Car Garage, Detached
Financial
Taxes
$2,118
Map
Community
- Address12631 ASBURY PARK Detroit MI
- SubdivisionSCHOOLCRAFT ASBURY PK SUB
- CityDetroit
- CountyWayne
- Zip Code48227
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12631 ASBURY PARK
Detroit, MI
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