Description
Fantastic Investment Opportunity in Hazel ParkThis beautifully updated two-story home is located in the highly desirable city of Hazel Park, just minutes from the Wayne State University District, with easy access to all major freeways.The property features three bedrooms, spacious living room, kitchen, dining room and full bath. Remodeled in 2020, offering a blend of modern updates and classic charm. The kitchen includes appliances"refrigerator, dishwasher, and oven"for added convenience.Situated on a rare double lot, this property presents a unique opportunity extra privacy or even an expansion to the existing home (subject to city approval). A detached two-car garage adds valuable storage and parking space.Currently tenant-occupied, this home provides immediate rental income potential"an excellent opportunity for investors or those seeking a future primary residence with added land value.With current rent comps in the area averaging $1, 600 /month, and yearly expenses"including taxes and insurance"totaling less than $4,000, this property offers a strong ROI and a healthy cap rate. Located in the quiet and well-maintained Oakway Subdivision, this is an opportunity you dont want to miss!
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3BEDS
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0.25ACRES
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1BATHS
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01/2 BATHS
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1,258SQFT
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$143$/SQFT
Description
Fantastic Investment Opportunity in Hazel ParkThis beautifully updated two-story home is located in the highly desirable city of Hazel Park, just minutes from the Wayne State University District, with easy access to all major freeways.The property features three bedrooms, spacious living room, kitchen, dining room and full bath. Remodeled in 2020, offering a blend of modern updates and classic charm. The kitchen includes appliances"refrigerator, dishwasher, and oven"for added convenience.Situated on a rare double lot, this property presents a unique opportunity extra privacy or even an expansion to the existing home (subject to city approval). A detached two-car garage adds valuable storage and parking space.Currently tenant-occupied, this home provides immediate rental income potential"an excellent opportunity for investors or those seeking a future primary residence with added land value.With current rent comps in the area averaging $1, 600 /month, and yearly expenses"including taxes and insurance"totaling less than $4,000, this property offers a strong ROI and a healthy cap rate. Located in the quiet and well-maintained Oakway Subdivision, this is an opportunity you dont want to miss!
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