12935 Payton Street
Detroit, MI 48224
- 3 beds
- 2 baths
- 1,636 sqft
- 4,792 sqft lot
- $80 per sqft
- 1943 build
- – on site
Calling all investors! Fully TURNKEY opportunity and a great addition to your investment portfolio! Fully certified by the City of Detroit, rented, meeting all Section 8 standards, and a ROI of 12.03%. Property features a 3 bedroom 2 bathroom, Section 8 tenant on a yearly lease with a rent of $1,500/month. Seller has other similar properties for sale. Seller and agent are related.
Listing courtesy of MICHRIC / Roxana Yeh / 3DX Real Estate, LLC.
Last checked:
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Last updated Nov 20, 2024
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MLS# 24060163 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1943
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Bungalow
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Foundation Details:None
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Building Features:None
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Patio And Porch Features:None
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Accessibility Features:No
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Direction Faces:None
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Roof:None
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Stories:2
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Basement:No
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Basement:Michigan Basement
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Basement:Yes
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Common Walls:None
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Building Area Total:1636.0
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Exterior -Brick:true
Interior
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Rooms Total:7
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Flooring:None
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Fireplace:false
Room Dimensions
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Living Area:1636.0
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Main Level SqFt:818.0
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Upper Level SqFt:818.0
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Basement SqFt:818.0
Location
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Directions:N of 94, E of 3
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Cross Street:Payton and Moross
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Latitude:42.433419
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Longitude:-82.952963
The Property
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Parcel Number:W21I057503S
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:No
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Lot Size SqFt:4792.0
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Lot Size Acres:0.11
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Lot Size Area:0.11
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Lot Size Units:Acres
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Topography:None
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Waterfront:false
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View:None
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View:No
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Fencing:None
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Inclusions:None
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Zoning:None
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Current Use:None
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Possible Use:None
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Frontage Type:None
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Waterfront:No
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Road Frontage:42.0
Listing Agent
- Contact info:
- Agent phone:
- (248) 444-1705
- Office phone:
- (888) 304-1447
Taxes
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Tax Year:2024
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Tax Year:2024.0
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Tax Legal Description:W PAYTON 1070 PARK DRIVE SUB NO 4 L54 P11 PLATS, W C R 21/886 42 X 115
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Tax Annual Amount:2118.0
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Tax Assessed Value:24800
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Taxable Value:24800.0
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Annual Property Taxes:2118.0
Beds
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Bedrooms Total:3
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Main Level Bedrooms:2
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Main Bedrooms:2
Baths
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Total Baths:2
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Total Baths:2.0
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Partial Baths:None
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Full Baths:1
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Full Baths:2
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Full Baths:1
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Three Quarter Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Terms Available -VA Loan:true
Heating & Cooling
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Heating:true
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Heating:Forced Air
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Heat Type -Forced Air:true
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Heat Source -Natural Gas:true
Utilities
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Electric:None
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Sewer:Public Sewer
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Sewer -Publictrue
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Water Source:Public
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Water Public:true
Appliances
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Laundry Features:Gas Dryer Hookup, Sink, Washer Hookup
Schools
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Elementary School District:None
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Middle Or Jr High School District:None
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High School District:Detroit
The Community
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Senior Community:No
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Pool Private:No
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Spa Features:None
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Association:No
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:1.0
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Carport Spaces:None
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Parking Total:None
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Parking Features:Detached
Monthly cost estimate
Asking price
$132,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$706
|
Taxes | $176 |
Insurance | $36 |
Utilities | $176 See report |
Total | $1,094/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
41% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $5k above asking price on average, but some went as high as $29k over asking price.