$131,250 for Sale
5291 farmbrook street, detroit, MI 48224
| Beds 3 | Baths 1 | 1,038 Sqft | 0.10 Acres |
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Property Description
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.
General Information
Sale Price: $131,250
Price/SqFt: $126
Status: Active
MLS#: rcomi20250017044
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: rivard villas
Acres: 0.1
Lot Dimensions: 40.00 x 103.00
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 1,038 sq.ft.
Acreage: 0.1 est.
Year Built: 1940
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: No Garage
Construction: Vinyl
Exterior: Vinyl
Basement: Yes
Basement Description: Partially Finished
Foundation : Basement
Cooling: Central Air
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer at Street
Watersource: Water at Street
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,248
Est. Winter Taxes: $119
Legal Description: W FARMBROOK 66 RIVARD VILLAS SUB L60 P1 PLATS, W C R 21/945 40 X 103.44
IDX provided courtesy of Realcomp II Ltd. via Prestige Real Estate Group and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders
Listing By: Brenda Meeuwenberg of Coldwell Banker Professionals-Northville, Phone: (248) 347-3050
