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12156 Monica St, Detroit, MI 48204

$114,999
: 4
BD
: 1
BA
: 1,408
SqFt

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List Price: $114,999
MLS#: 20261079461
Status: ACTIVE
Bedrooms: 4
Bathrooms: 1
Total Square Footage: 1,408
Subdivision: ROBERT OAKMANS CORTLAND & FORD HWY

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Property Description

WELCOME TO 12156 MONICA ST, A 1,408-SQUARE-FOOT SINGLE-FAMILY HOME OFFERING AN INCOME-PRODUCING INVESTMENT OPPORTUNITY IN DETROIT. FEATURING 4 BEDROOMS AND 1 BATHROOM, THIS PROPERTY HAS RECEIVED MAJOR CAPITAL IMPROVEMENTS, INCLUDING NEW PLUMBING, BRAND-NEW ELECTRICAL, A NEW FURNACE, AND A NEW HOT WATER TANK. THE ROOF IS JUST THREE YEARS OLD, FURTHER ADDING TO THE HOME’S VALUE AND HELPING REDUCE NEAR-TERM CAPITAL EXPENSES. THE PROPERTY IS SECTION 8 RENTED AT $1,624 PER MONTH, WITH A FRESH ONE-YEAR LEASE BEGINNING IN OCTOBER 2026, OFFERING AN ESTABLISHED RENTAL INCOME STREAM FOR THE NEXT OWNER. AN EXCELLENT OPPORTUNITY TO ADD A FOUR-BEDROOM HOME WITH UPDATED MAJOR SYSTEMS TO YOUR INVESTMENT PORTFOLIO. NO SHOWINGS WITHOUT AN ACCEPTED FULL-PRICE OFFER. NO SELLER FINANCING AVAILABLE.

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Additional Information

Year Built: 1925
Basement Type: Unfinished
Foundation: Basement, Block
Acres: 0.09
Style: Colonial
Acres: 0.09
School District: Detroit
Heating: Forced Air, Natural Gas
Garage Description: None