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12963 MANSFIELD ST Detroit, MI 48227
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Key Details
Sold Price $40,000
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 793 sqft
Price per Sqft $50
Subdivision Orchard Grove Park (Plats )
MLS Listing ID 218088016
Sold Date 09/18/18
Style Bungalow
Bedrooms 3
Full Baths 1
Originating Board Realcomp II Ltd
Year Built 1950
Annual Tax Amount $893
Lot Size 4,791 Sqft
Lot Dimensions 40.00X124.00
Property Description
15.3% Cap Rate! Rented at $850 a month. Tenant just signed a 1 year lease. Seller is holding a $850 security deposit. Beautiful, 3 Bed, 1 Bath, renovated bungalow located on a quite, desirable street. Fenced in yard on a corner lot. New furnace, hot water tank, carpet, updated stained hard wood floors. Newer windows/roof. This is a solid investment. Will not last long. Financial breakdown: $850 a month rent ($10,200 annual), $68.50 a month insurance ($822 annual), $85 a month management fee ($1,020), $895 annual property taxes, $600 annual maintenance estimated. Total net income: $6,863. NOTE: Pictures were taken prior to tenant moving in.
Location
State MI
County Wayne
Area Det: Joy-Schoolcraft Grnfld-Limi
Direction South of Schoolcraft, West of Greenfield
Rooms
Basement Unfinished
Interior
Interior Features Cable Available, High Spd Internet Avail
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Heat Source Natural Gas
Exterior
Garage Description No Garage
Roof Type Asphalt
Porch Deck, Porch
Road Frontage Gravel, Pub. Sidewalk
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Warranty No
Level or Stories 1 1/2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I057855S
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Rebuilt Year 2018
Financing Cash
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