10639 Balfour RD Detroit, MI 48224
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,291 sqft
Price per Sqft $85
Subdivision Seven Mile Cadieux Sub 5
MLS Listing ID 20261086366
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1940
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type SingleFamilyResidence
Property Description
Take your pick: purchase one property, create a custom group, or acquire all nine properties for $872,000. The seller reports over $13,000 in monthly cash flow and over $155,000 in annual gross profit. Tenants pay all utilities and water, offering investors a portfolio with those costs paid by tenants. Request property-specific rent, lease, and expense information. Buyers to verify all income, expenses, occupancy, property details, and utility arrangements. These properties are all section 8 properties. The tenants pay under $1,000 each month meaning that over $12,000 is guaranteed cash flow.
10835 Somerset, Detroit, MI 48224 — $120,000 | $1500 rent | owner pays water
19317 Marx, Detroit, MI 48203 — $99,000 | $1400 rent
19734 Kingsville, Detroit, MI 48225 — $85,000 | $1400 rent
10338 Balfour, Detroit, MI 48224 — $99,000 | $1500 rent
20607 Moross, Detroit, MI 48224 — $55,000 | $1100 Rent
20436 McCormick, Detroit, MI 48224, including 20430 McCormick, Detroit, MI 48224 — $85,000 | $1400 rent
15099 Coyle, Detroit, MI 48227 — $99,000 | $1400 rent
10639 Balfour, Detroit, MI 48224 — $110,000 | $1615
18700 Kingsville, Detroit, MI 48225 — $120,000 | $1700
Location
State MI
County Wayne
Area Area05055Detconmorsgrathstn7Mack
Rooms
Basement Unfinished
Entry Level, 10 X 12 Kitchen
Entry Level, 10 X 10 Bedroom
Entry Level, 10 X 8 BathFull
Second Level, 10 X 12 Bedroom
Entry Level, 10 X 8 Bedroom
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features TwoCarGarage, Detached
Garage Spaces 2.0
Pool None
View Y/N No
Garage true
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, CovenantDeed, FHA, Trade1031Exchange, VaLoan, WarrantyDeed
Listing Terms Cash, Conventional, CovenantDeed, FHA, Trade1031Exchange, VaLoan, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
NEARBY SCHOOL & BUSINESS
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