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Pat Lotz Real Estate Group

[email protected] +1(734) 474-8713

$ 125,000

Est. payment -/mo

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9117 BRACE Street Detroit, MI 48228

2 Beds

1 Bath

814 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Ranch

Listing Status Active

Purchase Type For Sale

Square Footage 814 sqft

Price per Sqft $153

Subdivision Bonaparte Park Heights (Plats)

MLS Listing ID 20251006286

Style Ranch

Bedrooms 2

Full Baths 1

HOA Y/N no

Year Built 1944

Annual Tax Amount $965

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 44.00 x 117.00

Property Sub-Type Ranch

Source Realcomp II Ltd

Property Description

This one is for investors! Section 8 Tenant occupied at $1200/m. This property is part of a 4-property investor portfolio and will only be sold as part of the full package. No cherry picking. Package price is $650,000 for all four homes. At a package price of $650,000, this deal offers a cap rate of 9.05%, GRM of 9.34 and a DSCR of 1.36. Addresses include: 19775 Burgess ($1,700/mo rent), 20201 Grandville ($1,600/mo rent), 9117 Brace ($1,200/mo rent, Section 8), and 16550 Freeland ($1,300/mo rent, Section 8). Total portfolio rent: $5,800/month or $69,600/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info. This deal is ideal for an investor seeking stability, cash flow, and low management overhead. It qualifies for conventional and DSCR financing. Whether you're scaling a local portfolio or investing from out of state, this package offers the kind of hands-off income most investors are looking for in the Detroit market. You will cash flow from day 1. This property has been fully remodeled with NEW everything prior to tenant move in! The renovation was tastefully done and is sure to impress. Walk through the front door to be greeted by a spacious living room with brand new floors and fresh paint. The updated kitchen - brand new white cabinets with black accents, new luxurious granite countertops, a new sink, new floors. The full bathroom which has been updated and matches the kitchen's color scheme. Basement has been freshly painted and comes with a brand new furnace and hot water heater. Plumbing and electrical have been updated as well. New windows throughout. Ranch sits on a corner lot with a fenced in backyard.

Location

State MI

County Wayne

Area Det: Joy-Schoolcraft Grnfld-Limi

Direction NORTH OF JOY, CORNER OF CATHEDRAL

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Description No Garage

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Ranch

Warranty No

Level or Stories 1 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W22I081123S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Anuj Chand of Keller Williams First

Pat Lotz Real Estate Group

Agent | License ID: 6501428832

+1(734) 474-8713

Pat Lotz Real Estate Group

9117 BRACE Street Detroit, MI 48228

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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9117 BRACE Street