9117 Brace St, Detroit, MI

Name: 9117 Brace St, For Sale in Detroit - eXp Commercial Brokerage
Brand: Keller Williams First
SKU: 20251006286
Price: 125000 CAD

House

For Sale

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210

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 814 sqft

Garage No

Taxes $965

Days Active 0

Lot Size

Approx. Age 1944

Avg. Price Per Sqft $153

MLS® Number 20251006286

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

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MLS® Number20251006286

Laundry Level

Central VacNo

FireplaceNo

Acreage0.12

Exterior

GarageNo

Approx. Age1944

BasementFull, Unfinished

DrivewayNo Garage

Garage Spaces

HeatForced Air, Natural Gas

A/C

Heating Fuel

Extras

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