About This Home
This 5-bedroom, 2-bathroom single family at 4625 Chalmers Street in Detroit, MI is listed for $125,000 ($83 per sqft). Built in 1950, the home offers 1,500 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1950
- 0.10 acre lot
- 2 stories
Property Details
This renovated 5-bedroom, 2-bath bungalow is currently tenant occupied with a lease generating $1,500 per month ($18,000 annually), providing immediate rental income from day one. The property was acquired in 2023 and extensively renovated prior to tenant occupancy, offering a low-maintenance investment with strong long-term appreciation potential.
Featuring approximately 1,500 square feet of living space, a functional floor plan, and established rental history, this property is an excellent addition to any investor's portfolio. Photos taken prior to tenant occupancy are available upon verification of proof of funds.
Tenant occupied-please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages.
Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.
Monthly Cost Estimate
$669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4625 Chalmers Street
Detroit, MI 48215
Hagers John A Oneida Park
Property Details
Construction
Heating
Questions & Answers
This 5-bedroom, 2-bathroom single family at 4625 Chalmers Street is listed at $125,000 ($83/sqft). The estimated monthly payment is $668 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.10 acre lot, 2 stories.
This property is listed by Jay Naim and can be reached at 3135716581.
