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Younited Mortgage Loan Application NMLS #1880125

9117 Brace Street Detroit, MI 48228

front view for 9117 Brace Street, Detroit, Mi. 48228
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Builiding view twenty for 9117 Brace, Detroit, MI. 48228
map of 9117 Brace Street Detroit, MI 48228
Price:$125,000|Beds: 2|Baths: 1|Area: 814 sq ft
  • Info
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  • Schools

Explore our fast and easy mortgage options to maximize your home’s value. Younited Mortgage NMLS #1880125

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Overview

The home at
9117 Brace St Detroit, MI. 48228
 has 1 bathrooms 814 square feet of living space. It sits on 5227 square feet of land. And its legal description is

W BRACE 194 N 9 FT 193 BONAPARTE PARK HEIGHTS SUB L54 P26 PLATS, W C R 22/340 44.33 IRREG

County Registrar of Deeds Public Record

This building may also appear as:

9117 Brace St
9117 Brace St Detroit, MI. 48228-1896

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.

More Information

  • MLS Number: 20251006286
  • Price: $125,000.00
  • Listing Start Date: 06/07/2025
  • Current MLS Status: Active
  • Status Date: 06/07/2025
  • Year Built: 1944
  • Square Footage: 814
  • Price per SqFt: $153.56
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Tax: $965
  • Year Remodeled: 2024
  • Has Basement: Yes
Public Record Information
  • Estimated Value: $35,160
  • Square Footage: 814
  • Lot Area: 0.12 acres (5,227 sqft)
  • Price per SqFt: $43.00
  • Year Built: 1944
  • Bedrooms: n/a
  • Full Bathrooms: 1
  • Taxes (from public record): $890
  • Approx. Loan Amount: $0
  • Zoning: R1
  • Build Quality: C+
  • Floor Types:
  • Amenities:
  • Heating Types: Forced Air Unit
  • Exterior Wall Types: Brick
  • Architecture Type: Other
  • Legal Description: W BRACE 194 N 9 FT 193 BONAPARTE PARK HEIGHTS SUB L54 P26 PLATS, W C R 22/340 44.33 IRREG
  • Current APN
    (Assessor's Parcel Number):     22081123. (22081123)
  • Previous APN: 22081123. (22081123.)
  • General Land Use: Residential
  • County Land Use: Residential - Improved (401)
  • Owner Occupied: Yes
  • Owner City: Dearborn, MI
  • No. of Buildings: 1

Valuation

Estimated Value
$35,160
Range of Comparable Sales
Low: $34,808
High:
$35,511

Exact Location

map of 9117 Brace Street Detroit, MI 48228

Estimated Monthly Expenses

Total Monthly Cost
$
Property Tax
$
$
Heat
$
Electric Bill
$
   

Transaction History

*This data is provided from public record
Sale Date Sale Price Arm's-Length
03/18/2024 $29,000 Yes
02/19/2016 $5,000 Yes
02/23/2004 $54,500 Yes
02/19/2004 $31,000 Yes

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Listing Provided by Keller Williams First   Office Contact Info: (810) 515-1503

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