Description
ATTENTION INVESTORS! Turnkey, income-producing opportunity at 120 Woodland Street, Detroit, MI! This beautifully remodeled 3-level property is professionally appraised at $315,000 and comes with a reliable tenant already in place paying $2,600 per month on a 12-month lease. The tenant has a strong history of paying rent on time, providing immediate cash flow of $31,200 in gross annual rental income from day one. Offering 2318 sq ft, this spacious home features 5 bedrooms, 2.5 updated bathrooms, new flooring, modern finishes, and a beautifully renovated kitchen with granite countertops, stylish cabinetry, and newer appliances. The partially finished basement provides additional usable space, while the oversized backyard adds even more tenant appeal. Ideally located just minutes from New Center and approximately 10 minutes from Downtown Detroit, with convenient access to restaurants, shopping, entertainment, major employers, and freeways. Whether you're expanding an existing port
Details
| MLS # | 70532560 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 169 |
| Listing Provided By | eXp Realty, LLC | Sotero Lopez |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,318 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.12 |
Interior
| Rooms Total | 12 |
|---|---|
| Heating Yes / No | Yes |
| Heating | Natural Gas, Forced Air |
| Appliances | Microwave, Range/Oven, Refrigerator, Gas Water Heater |
Exterior
| Construction Materials | Brick, Vinyl Siding |
|---|---|
| Foundation Details | Basement |
Parking
| Garage Yes / No | No |
|---|
Other
| List Aor | Greater Metropolitan Association of REALTORS |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48202 |
| Area | Detroit (82001) |
| Listing VS Median (in 48202) | |
Price: $284,900 low | high Med: $232,400 sqft: 2,318 low | high Med: 1,450 $ / sqft: $123 low | high Med: $194 On site: 169 low | high Med: 44 | |
Market Activity 48202
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48202 |
| Area | Detroit (82001) |
| Listing VS Median (in 48202) | |
Price: $284,900 low | high Med: $232,400 sqft: 2,318 low | high Med: 1,450 $ / sqft: $123 low | high Med: $194 On site: 169 low | high Med: 44 | |
