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USAMIDetroitPalmeadow Sub No 1 (Plats)19775 Burgess
19775 Burgess, House other with 3 bedrooms, 3 bathrooms and null parking in Detroit MI | Image 1
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$195,000

19775 Burgess, Detroit, MI

House

For Sale

$--,---,---
330
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1260 sqft
Garage No
Taxes $3,713
Days Active 0
Lot Size 
Approx. Age 1956
Avg. Price Per Sqft $154
MLS® Number 20251006283

Property Address: 

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

Description

This one is for investors! Tenant occupied at $1700/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 package 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. Burgess St is located in one of Detroit's most desirable neighborhoods. With recently remodeled bathrooms, an upgraded kitchen, newer floors, updated electrical - this property is turnkey. Updates were completed prior to tenant move in. The home itself features a bright, spacious living room with a picturesque window, modern kitchen and bathrooms, and even a large master suite on the first level. The kitchen boasts stainless steel appliances and updated finishes. A generous living room offers the perfect space for gathering, while the huge basement with a half bath provides endless possibilities.Show Description
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MLS® Number20251006283
Laundry Level
Central VacNo
FireplaceNo
Acreage0.12
Exterior
GarageNo
Approx. Age1956
BasementFull, Unfinished
DrivewayNo Garage
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

Extras

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