9117 Brace Street

Detroit, Michigan 48228

  • 2 Bed(s)
  • 1 Bath(s)
  • 814 Sqft
  • 0.12
    Acre(Lot)
$125,000

Description

This one is for investors! section 8 tenant occupied at $1200/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 deal 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. this property has been fully remodeled with new everything prior to tenant move in! the renovation was tastefully done and is sure to impress. walk through the front door to be greeted by a spacious living room with brand new floors and fresh paint. the updated kitchen - brand new white cabinets with black accents, new luxurious granite countertops, a new sink, new floors. the full bathroom which has been updated and matches the kitchen's color scheme. basement has been freshly painted and comes with a brand new furnace and hot water heater. plumbing and electrical have been updated as well. new windows throughout. ranch sits on a corner lot with a fenced in backyard.

  • Property Type

    Residential

  • Subdivision

    Bonaparte Park Heights (plats)

  • County

    Wayne

  • Style

    Ranch

  • AD ID

    50103817

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Room Information

    • Total Rooms: 5

    Interior Features

    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1944
    • 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: 44.00 x 117.00

    Property Information

    • SQ ft: 814
    • Subdivision: BONAPARTE PARK HEIGHTS (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $125,000

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: W BRACE 194 N 9 FT 193 BONAPARTE PARK HEIGHTS SUB L54 P26 PLATS, W C R 22/340 44.33 IRREG

  • Tax Information

    • Annual Tax: $965
    • Parcel Number: W22I081123S

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: W BRACE 194 N 9 FT 193 BONAPARTE PARK HEIGHTS SUB L54 P26 PLATS, W C R 22/340 44.33 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 @ 01:23

  • MLS: 628394883
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Home, with 2 bedrooms which is for sale, it has 814 sqft, 0 sized lot, and No Garage parking. are nearby neighborhoods.