Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with guaranteed rent at $1000/mo with a Supportive Housing Society, lease expires June 2024. Professionally managed rental. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home taken before tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.** Can be packaged with two other occupied rental properties - see MLS# 20230104834 & 20230104833
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1939
Stories: 1
Living Area: 800 SqFt
Listing Office:
Office Name: Home Source Realty LLC
Office Phone: (313) 384-5731
Listing Agent: Bailee Clanton
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: N of Warren / W of Southfield
Price Information
Listing Price Info
Price Summary:
List Price: $69,900
Price Per SqFt: $87/SqFt
Tax Information:
Annual Amount: $615
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $10.1K less than the Median Sold Price and $17/SqFt more than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20230104831
Listing Office:
Office Name: Home Source Realty LLC
Office Phone: (313) 384-5731
Listing Agent: Bailee Clanton
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
River Oaks Elementary School
20755 Ann Arbor Trl
Distance between this listing and this school1.40 miles
Public District Grades PK-5
7
/10
Maples Elementary School
6801 Mead St
Distance between this listing and this school1.50 miles
Public District Grades PK-5
6
/10
Oakman Elementary School
7545 Chase Rd
Distance between this listing and this school1.70 miles
Public District Grades PK-5
Nearby Schools
5
/10
Warrendale Charter Academy
19400 Sawyer St
Distance between this listing and this school0.56 miles
Public Charter Grades KG-8
5
/10
Detroit Premier Academy
7781 Asbury Park
Distance between this listing and this school0.74 miles
Public Charter Grades KG-8
2
/10
Detroit Leadership Academy Middle/High
5845 Auburn St
Distance between this listing and this school1.18 miles
Public Charter Grades 6-9
Nearby Schools
8
/10
Henry Ford Early College
22586 Ann Arbor Trl
Distance between this listing and this school2.07 miles
Public District Grades 9-12
3
/10
Riverside Academy - West Campus
6409 Schaefer Rd
Distance between this listing and this school2.22 miles
Public Charter Grades 6-12
5
/10
Fordson High School
13800 Ford Rd
Distance between this listing and this school2.34 miles
The neighbors living near this home have an average income of $56,836. Typical income of Detroit, MI residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7345 Penrod St
What is the listing price of this property?
The listing price of 7345 Penrod St property is $69,900.
What type of property is this?
The property 7345 Penrod St is a house located in Detroit, Michigan, 48228.
Is this property for sale now?
Accepting Backup Offers: 7345 Penrod St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $615 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 17, 2019 for $48,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 7345 Penrod St has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 7345 Penrod St is 800 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7345 Penrod St is 1939.
This home is located at 7345 Penrod St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 800 square foot home, which was built in 1939, sits on a 0.12 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 03, 2024 and is currently priced at $69,900.
Detroit, MI housing market in February 2024 saw over 98 listings sold above listed price, more than 78 sold at listed price and over 194 sold below. Between January 2024 and February 2024, Detroit, MI real estate market has seen increase in the number of listings by 12.4%. The median list price of listings available in February 2024 was $80,002, while the average time on the real estate market was 49 days.
From Rocket Homes Real Estate and based on county public records data.