Highland Park, MI 48203,20490 HANNA Street

$58,000

Est. payment /mo

$58,900

1.5%
Est.Price: ?

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20490 HANNA Street Highland Park, MI 48203

4 Beds

1.5 Baths

1,276 SqFt

SOLD DATE : 02/07/2025

Key Details

Sold Price $58,000

Property Type Single Family Home

Sub Type Bungalow

Listing Status Sold

Purchase Type For Sale

Square Footage 1,276 sqft

Price per Sqft $45

Subdivision Eight-Oakland Sub No 1 (Plats)

MLS Listing ID 20240072639

Style Bungalow

Bedrooms 4

Full Baths 1

Half Baths 1

Year Built 1947

Annual Tax Amount $1,050

Lot Size 3,920 Sqft

Property Sub-Type Bungalow

Property Description

Long-Term Tenant Investment Opportunity – Detroit Brick Bungalow

An incredible investment opportunity awaits at 20490 Hanna St! This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease. They would prefer to stay, but can move if needed. With market rent in the area reaching up to $1,400/month, there's great potential for increased cash flow.
Situated near the new Amazon warehouse and major freeways, the location offers easy access and convenience for tenants. This home features a full basement, providing ample storage, and a detached garage for additional parking. The bathroom has been updated with new flooring, and the home offers plenty of space with 4 bedrooms, making it a solid investment with future growth potential whether it's with cash or sec 8 paying tenants.

Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value. Don't miss out on this prime investment opportunity in a growing area of Detroit!

Location

State MI

County Wayne

Area Det 6-8 Grfld-Dequindre

Interior

Heating Forced Air

Exterior

Parking Features Detached

Garage Description 1 Car

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $240

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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Realcomp MLS
Listed by Timothy Moore of Zest Realty LLC
Bought with SimpliHom
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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