19775 Burgess Detroit, MI 48219
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Overview
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
This building may also appear as:
19775 Burgess19775 Burgess Detroit, MI. 48219-1872 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.More Information
- MLS Number: 20251006283
- Price: $195,000.00
- Listing Start Date: 06/07/2025
- Current MLS Status: Active
- Status Date: 06/07/2025
- Year Built: 1956
- Square Footage: 1260
- Price per SqFt: $154.76
- Bedrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Total Tax: $3,713
- Year Remodeled: 2024
- Has Basement: Yes
Public Record Information
- Estimated Value: $164,900
- Square Footage: 1041
- Lot Area: 0.12 acres (5,227 sqft)
- Price per SqFt: $158.00
- Year Built: 1956
- Bedrooms: n/a
- Full Bathrooms: 1
- Taxes (from public record): $1,670
- Approx. Loan Amount: $0
- Zoning: R1
- Build Quality: AVERAGE
- Floor Types:
- Amenities:
- Swm Pool Type: NO POOL
- A/C Types: Yes
- Heating Types: Forced Air
- Exterior Wall Types: Brick
- Architecture Type: Other
- Pool: No Pool
- 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
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Current APN
(Assessor's Parcel Number): 22112205. (22112205) - Previous APN: 22112205. (22112205.)
- General Land Use: Residential
- County Land Use: Single Family Residence (401)
- Owner Occupied: YES
- Owner City: Detroit, MI
- No. of Buildings: 1
Valuation
Exact Location
Transaction History
Sale Date | Sale Price | Arm's-Length |
---|---|---|
02/28/2023 | $55,500 | Yes |
04/11/2011 | $13,000 | No |
01/26/2010 | $97,674 | No |
11/06/2009 | $82,901 | No |
04/23/2008 | $95,000 | Yes |
Schools Nearby
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