Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED, rented with a timely paying tenant at $950/mo. Lease began July 2021, could be renewed at a higher rate by new owner. Professionally managed rental. Property being sold as is. All dimensions are estimated and should be verified. Pictures of inside of home from before tenants moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy. ***Can be purchased as part of a package deal with two other tenant occupied properties in Detroit (see MLS# 20230026147 , 20230026687). Seller prefers to sell all three properties together, but will listen to all offers.
Sold for $70,000 on 07/24/23
$70,000
11488 Wayburn St, Detroit, MI 48224
3beds
1,165sqft
Single Family Residence
Built in 1947
5,227.2 Square Feet Lot
$90,600 Zestimate®
$60/sqft
$1,945 Estimated rent
Home value
$90,600
$72,000 - $111,000
$1,945/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 29, 2023 at 03:23pm
Listed by:
Bailee Clanton 313-774-4005,
Home Source Realty LLC
Bought with:
Marnette Watkins Cobb, 6501384095
Oak and Stone Real Estate
Source: Realcomp II,MLS#: 20230026770
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,165 sqft
- Finished area above ground: 1,165
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage, Detached
- Garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Entry location: GroundLevelwSteps
- Pool features: None
Lot
- Size: 5,227 sqft
- Dimensions: 40 x 130
Details
- Parcel number: 21063633.004L
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Basement, Poured
Condition
- New construction: No
- Year built: 1947
- Major remodel year: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Detroit
- Subdivision: LINCOLN GARDENS
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2023 | Sold | $70,000-4.1%$60/sqft |
Source:  Realcomp II #20230026770 Report a problem | ||
| 5/16/2023 | Pending sale | $73,000$63/sqft |
Source: Realcomp II #20230026770 Report a problem | ||
| 4/12/2023 | Listed for sale | $73,000+44.8%$63/sqft |
Source: Realcomp II #20230026770 Report a problem | ||
| 6/22/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 6/15/2021 | Listed for rent | $950$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $37,700 +24% |
| 2024 | -- | $30,400 +16.5% |
| 2023 | -- | $26,100 +23.7% |
Find assessor info on the county website
Neighborhood: Denby
Nearby schools
GreatSchools rating
- 5/10Carleton Elementary SchoolGrades: PK-5Distance: 0.5 mi
- NAFisher Magnet Upper AcademyGrades: 5-8Distance: 1.1 mi
- 3/10Denby High SchoolGrades: 9-12Distance: 0.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$90,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$90,600