Home Buying in Detroit>Question Details

Larry Else, Real Estate Pro in Detroit, MI

Can you send me good rental homes for sale under $40K anywhere in metro Detroit?

Asked by Larry Else, Detroit, MI Tue Apr 29, 2014

I am the acquisitions manager for several large investors in the area and I am looking for vacant or performing homes in suburban Detroit that can be purchased for up to $40K, depending on amount of rehab, rent in the area, etc. Please send me addresses, asking prices, and if possible amount of repairs and expected rent! Thank you.

Help the community by answering this question:

Answers

10
Khalilah Shabazz’s answer
Hello! My name is Khalilah! My email is homeswithk@gmail.com I specialize in helping Investors locate homes in and around the Detroit area. I currently have 5 five home in the Suburbs and Detroit for sale now. 248 560 7612
0 votes Thank Flag Link Fri Jul 25, 2014
I have a property for sale at 11684 hartwell, Detroit, Mi 48227, setup as transitional housing 5 bedroom, 3 full baths fully furnished with coin op laundry asking 35k with one tenant included. Contact Carl at secondchance.2000.12@gmail.com or 313 449-6644
0 votes Thank Flag Link Fri Jan 30, 2015
http://postlets.com/s/8044-rolyat-st-detroit-mi-48234/12937510

NO REHAB
LONG TERM TENANT PAYING $700/MONTH
$26,000 CASH WITH QUICK CLOSE
WARRANTY DEED
0 votes Thank Flag Link Wed Jan 28, 2015
Mr. Else: This isn't a suburban address, but you may consider this particular property.

203 Philip St (@Scripps) Detroit, MI 48215. Nearest major intersection E. Jefferson and Alter Road.
Two-family flat. Each unit has 2 bedrooms, 1 bath, kitchen with appliances, living-dining room combination. Unfinished basement has laundry area and independently accessible to each unit. Boiler heat, two utility meters, Corner house on treed lot, lower unit has front entrance and upper unit has side entrance. Off-street parking. Roof is less than 10 years old. Current electrical and plumbing overhaul. Dry basement. This property did not take on water during the 8/2014 flood. Excellent investment that needs a little more external tender loving care (i.e., Some windows need replacement/ repair. Stock of windows needed are on-site; House could use a paint job; optional removal of additional trees on lot; Clean-out or replace some gutters and drains to be directed from the house).

Jefferson-Chalmers is one of the lowest crime rate communities in Detroit proper. This market will bear $700 - $900 per month with or without utilities included. Philip @ Scripps is nestled within a boaters community (all homes on Scripps are canal properties with some boat wells to rent), within walking distance of Detroit riverfront parks. City bus-stop at corner. Easy access to I94 via Alter Road. VERY QUIET neighborhood. Tenanted, leases to terminate in 2/2015. Suggest new tenant search.

Asking price $35K | OBO. Cash sale.
Grace K.T.
0 votes Thank Flag Link Tue Jan 6, 2015
Your post says that you are looking for real estate listings. You should check out this site: http://www.bankforeclosuressale.com/. It is a leading website database that contains over two million foreclosure homes, including bank foreclosures, government foreclosures like VA homes and HUD homes, distressed properties and commercial properties that are for sale all across the nation.

All of the listings have had any outstanding liens eliminated and the title is free and clear. We also update our extensive collection of listings every day. Membership opens up the listing and reveals the contact information and a detailed property description including more photos.
0 votes Thank Flag Link Sat Jan 3, 2015
Hello my name is Lisa Wright. I have several renovated and cash flowing properties. Please view my website. My email is lwright@buyerready.net
Web Reference: http://www.buyerready.net
0 votes Thank Flag Link Fri Jan 2, 2015
Hello, I have for sale, a beautiful 2 Story brick colonial with many beautiful features, good roof, partially finished basement, 3 large bedrooms with walk in closets, beautiful hardwood floors, 2 car garage, large backyard with pond. I think you may be interested in. This home is a must see, call (586) 439-8400 to schedule viewing. Home is near police station, schools and major freeway. This would be a perfect home or investment property. See link below. Thank you!!!!!

http://www.zillow.com/homedetails/11511-Kenmoor-St-Detroit-M…
0 votes Thank Flag Link Thu Jan 1, 2015
12308 Stoepel is currently on the market ....Selling price of $26,900.00. 3 Family Flat
Ready to rent....Please call Princess on 313-931-1810. All applicances, stay in the home.
0 votes Thank Flag Link Tue May 13, 2014
You can get $15-1600 monthly rental income.
0 votes Thank Flag Link Mon May 5, 2014
5510-5512 Alendale St. is a duplex in Detroit, MI. It's vacant going for $16,500. Needs about $3-5000 repair. Call owner direct to put in offer. 845 300 8147
0 votes Thank Flag Link Mon May 5, 2014
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer