20320 Dresden ST Detroit, MI 48205
2 Beds
1 Bath
679 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 679 sqft
Price per Sqft $100
MLS Listing ID 20261070194
Style Ranch
Bedrooms 2
Full Baths 1
Year Built 1948
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type SingleFamilyResidence
Property Description
For investors, a long-term tenant is currently in place and would like to remain, offering the opportunity for immediate rental income from day one. Area rental rates indicate potential for increased rental income, with approximately $1,250/month possible based on current market conditions; buyer to independently verify market rent and rental projections.
Major mechanical improvements have already been addressed, including a newer HVAC/furnace system, while the roof is approximately 10 years old or less. The home is solid and functional, with primarily cosmetic updating offering an opportunity to further enhance value and long-term return.
Not just for investors—owner-occupants can also take advantage of an affordable home with a full basement, brick and vinyl exterior, newer major mechanicals and the opportunity to personalize the property over time.
ESTABLISHED TENANT. IMMEDIATE INCOME POTENTIAL. RENTAL UPSIDE. SOLID HOME. VALUE-ADD OPPORTUNITY. A versatile property with multiple paths for the next owner. Schedule your showing and take a closer look!
Licensed real estate agent has an ownership interest in the selling LLC and a financial interest in the transaction
Location
State MI
County Wayne
Area Area05054Det8Togratiothoustonto7
Rooms
Basement Daylight, Full, Unfinished
Entry Level, 10 X 8 Kitchen
Entry Level, 14 X 12 LivingRoom
Entry Level, 5 X 7 BathFull
Entry Level, 10 X 11 PrimaryBedroom
Entry Level, 10 X 9 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, Block
Sewer Public Sewer
Water Public
Architectural Style Ranch
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition ShortSaleNo, Standard
Nearby Locations