16228 CORAM Street

16228 CORAM Street

Detroit, Michigan 48205

3 Beds | 1.00 Baths | 968 sq.ft. | Built 1942 | Residential

Active $85,000

LOCATED JUST 4 MINUTES FROM THE INFAMOUS CITY OF HARPER WOODS, YOU WILL FIND 16228 CORAM NESTLED ON A 5,226 SQUARE FOOT LOT IN THE QUIET "REGENT PARK " NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOAST 3 SPACIOUS BEDROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED FURNACE AND HOT WATER TANK. IN ADDITION, THIS HOME HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW.  MOREOVER SHE HAS FRESHLY ROLLED PAINT AND BRAND CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY TO BE RENTED ON A TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1549 ARE PAID BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. THIS BEAUTY IS PART OF 4-PACK OF SECTION 8 OCCUPIED PROPERTI
  • 16228 CORAM Street, Detroit Michigan:
  • 16228 CORAM Street, Detroit Michigan:
  • 16228 CORAM Street, Detroit Michigan:
  • 16228 CORAM Street, Detroit Michigan:

Essential Information

MLS#20230083281 | Neighborhood: AVALON HEIGHTS (PLATS) | School District: Detroit | County: Wayne

Property Features

Architecture: 1 Story | Heating: Wall/Floor Furnace | #Garage/Parking Spaces: No Garage | Sewer: Sewer at Street | Directions: coram & kelly

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