19775 Burgess

Detroit, Michigan 48219

  • 3 Bed(s)
  • 2.5 Bath(s)
  • 1,260 Sqft
  • 0.12
    Acre(Lot)
$195,000

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.

  • Property Type

    Residential

  • Subdivision

    Palmeadow Sub No 1 (plats)

  • County

    Wayne

  • Style

    Ranch

  • AD ID

    50103816

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3

    Bathroom Information

    • Total Baths: 2.5
    • Full Baths: 2
    • Half Baths: 1

    Room Information

    • Total Rooms: 8

    Interior Features

    • High Spd Internet Avail
    • Basement Description: Unfinished
    • Appliances: Free-Standing Electric Range,Free-Standing Refrigerator,Microwave

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1956
    • Building Stories: 1 Story
    • Foundation/Basement: Basement
    • Architecture: Ranch

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.12
    • Dimensions: 38.00 x 136.00

    Property Information

    • SQ ft: 1260
    • Subdivision: PALMEADOW SUB NO 1 (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $195,000

    Listing Information

    • Possession: Rental Agreement
    • Legal Description: W BURGESS S 2 FT 6 5 AND E 9 FT OF VAC ALLEY ADJ PALMEADOW SUB NO 1 L62 P53 PLATS, W C R 22/654 38.17 IRREG

  • Tax Information

    • Annual Tax: $3,713
    • Parcel Number: W22I112205S

    Possession

    • Rental Agreement

    Legal Information

    • Legal Description: Section: W BURGESS S 2 FT 6 5 AND E 9 FT OF VAC ALLEY ADJ PALMEADOW SUB NO 1 L62 P53 PLATS, W C R 22/654 38.17 IRREG

  • Parking Information

    • Garage Size: No Garage

    Multi-Unit Information

    • Road Frontage: Paved

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 06/09/2025 @ 01:25

  • MLS: 628394721
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Home, with 3 bedrooms which is for sale, it has 1,260 sqft, 0 sized lot, and No Garage parking. are nearby neighborhoods.