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About This Home

This 3-bedroom, 2-bathroom single family at 5540 Guilford Street in Detroit, MI is listed for $62,000 ($53 per sqft). Built in 1928, the home offers 1,169 sqft of living space on a 0.16 acres lot.

Agent Description

This all-brick property presents a strong opportunity for a savvy investor or handyman looking for their next rehab project. Featuring three bedrooms, one full bathroom, and one half bath, this home offers a functional layout ready for renovation. Built in 1928, the property retains classic character and includes a full basement and a spacious yard, providing additional flexibility for improvements and long-term use.

The home is being sold as-is and will require a full rehab due to smoke damage, making it ideal for investors seeking a project with clear value-add potential. Whether your strategy is to renovate and resell or hold as a rental, this property offers a solid foundation to execute your vision.

The large yard and brick construction add to its appeal, while the existing layout supports a straightforward renovation plan. Located in an established neighborhood, the property is surrounded by similar homes and ongoing investment activity, supporting long-term upside. This is a great opportunity for those experienced in renovation projects or looking to expand their portfolio with a property that can be transformed through TLC and thoughtful updates.

Key Features

  • Built in 1928
  • 0.16 acre lot
  • Fireplace

Property Details

1 story
1 full, 1 half
1928

Amenities

Fireplace

Monthly Cost Estimate

$332/mo

20% down · 6.5% · 30 years

Principal$45
Interest$269
Insurance$18

Estimates only. Actual payments may vary.

Location

5540 Guilford Street

Detroit, MI 48224

Property Details

Flooring

TileWoodVinyl

Construction

Brick

Heating

Hot Water(Heating)

Questions & Answers

This 3-bedroom, 2-bathroom single family at 5540 Guilford Street is listed at $62,000 ($53/sqft). The estimated monthly payment is $269 based on 20% down at 6.5% interest.

Key features include: Built in 1928, 0.16 acre lot, Fireplace.

This property is listed by Charles Campbell and can be reached at 5616329673 or CCampbell@ListWithFreedom.com.

CC

Charles Campbell

Agent at ListWithFreedom.com

(561) 632-9673

Listed by ListWithFreedom.com · View on Broker Site

MLS# 26019543· Source: listhub· Updated 30 days ago

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5540 Guilford Street, Detroit, MI 48224

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