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$ 72,900
Est. payment | /mo
2 Beds
1 Bath
941 SqFt
$ 72,900
Est. payment | /mo
2 Beds
1 Bath
941 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 941 sqft
Price per Sqft $77
Municipality Detroit City
Subdivision Detroit City
MLS Listing ID 50184322
Bedrooms 2
Full Baths 1
Year Built 1954
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Condominium
Source MiRealSource
Property Description
Turn-Key Cash-Flow Machine in Detroit's Steady Rental Market – 9521 Brace Street, Detroit, MI 48228 Investors, here's the hassle-free income property you've been searching for – one that's already working hard for its next owner. This solid brick duplex unit comes with an outstanding tenant who has faithfully paid $1,100 on time every month for nearly two years and shows no signs of leaving. That's $13,200 in dependable gross annual revenue starting the day you close – zero vacancy, zero rehab, just pure cash flow from the moment the keys are yours. The home itself is a clean, move-in-ready 2-bedroom, 1-bath layout spanning 941 sq ft, thoughtfully updated in 2017 with fresh, modern finishes that still shine. Beautiful hardwood floors flow throughout, natural light pours into the open living spaces, and a private basement delivers bonus storage or future value-add potential. Separate utilities keep your carrying costs low – the tenant pays their own gas and electric. Location couldn't be stronger: directly across from Cody High School in the heart of the Franklin Park neighborhood, where teachers, hospital staff, and families create constant rental demand. Quick access to I-96, Southfield Freeway, major employers, and everyday shopping makes this spot a renter's favorite year after year. As a condominiumized unit, you own only this income-producing side while enjoying the benefits of duplex living without the full-building headaches. Ideal for expanding your portfolio, 1031 exchanges, or anyone who wants truly passive income backed by a proven nearly-two-year payment history. Clean, tenanted, updated, and already profitable – opportunities this turn-key don't come around often. Contact us today for rent rolls, lease details, and your private showing. Serious investors only – 9521 Brace Street is ready to start padding your bottom line immediately. Don't let this one slip away!
Location
State MI
County Wayne
Area Wayne County - 100
Rooms
Basement Partial
Interior
Heating Forced Air
Exterior
View Y/N No
Garage No
Building
Sewer Public
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by EXP Realty LLC
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Mike Himes
Associate Broker | Lic# 501408694