About This Home

This 4-bedroom, 3-bathroom single family at 551 Englewood Street in Detroit, MI is listed for $250,000 ($146 per sqft). Built in 1912, the home offers 1,712 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1912
  • 0.09 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
1912
Listing Description

This extensively renovated 4-bedroom, 2.5-bath Colonial is currently tenant occupied under an active lease of $2,100 per month ($25,200 annually), offering investors an exceptional opportunity to acquire a high-quality investment property. The property underwent a comprehensive renovation in 2025 featuring a beautifully updated chef's kitchen, remo

deled bathrooms, luxury flooring, recessed lighting, new siding, new windows, a new roof, a two-zone furnace system, and numerous additional improvements throughout. Offering approximately 1,712 square feet above grade plus a partially finished basement, this well-appointed home combines excellent long-term investment potential with a prime location just minutes from Midtown and Downtown Detroit.

The current tenant is on an agreed-upon repayment plan for prior rent arrearages, with ownership actively collecting under the terms of that agreement. Photos shown were taken prior to the current tenant's occupancy. 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

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

551 Englewood Street

Detroit, MI 48202

Hunt & Leggetts Sub S 1/2 Of N 1/2 Of 1/4 Sec 24

Features & Amenities

Exterior Features

Fenced

Property Details

Construction

Vinyl

Heating

Forced Air

Questions & Answers

This 4-bedroom, 3-bathroom single family at 551 Englewood Street is listed at $250,000 ($146/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1912, 0.09 acre lot, 2 stories. Exterior Features: Fenced.

This property is listed by Jay Naim and can be reached at 3135716581.

JN

Jay Naim

Agent at EXP Realty Main

(313) 571-6581

Listed by EXP Realty Main · View on Broker Site

MLS# 20261056877· Source: listhub· 1 day on market

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

551 Englewood Street, Detroit, MI 48202

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