Long-Term Tenant Investment Opportunity – Detroit Brick Bungalow An incredible investment opportunity awaits at 20490 Hanna St! This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease. They would prefer to stay, but can move if needed. With market rent in the area reaching up to $1,400/month, there’s great potential for increased cash flow. Situated near the new Amazon warehouse and major freeways, the location offers easy access and convenience for tenants. This home features a full basement, providing ample storage, and a detached garage for additional parking. The bathroom has been updated with new flooring, and the home offers plenty of space with 4 bedrooms, making it a solid investment with future growth potential whether it's with cash or sec 8 paying tenants. Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value. Don’t miss out on this prime investment opportunity in a growing area of Detroit!
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1947
Living Area: 1,276 SqFt
Listing Office:
Office Name: Zest Realty LLC
Office Phone: (248) 270-8238
Listing Agent: Timothy Moore, Michael Koski
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 1
Total Bedroom Count: 4
Exterior Features
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: OneCarGarage, Detached
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: S of EightE of I 75
Price Information
Listing Price Info
Price Summary:
List Price: $58,900
Price Per SqFt: $46/SqFt
Tax Information:
Annual Amount: $538
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Highland Park, MI.
This property is $1.1K less than the Median Sold Price and $1/SqFt less than other homes in Highland Park, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240072639
Listing Office:
Office Name: Zest Realty LLC
Office Phone: (248) 270-8238
Listing Agent: Timothy Moore, Michael Koski
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
United Oaks Elementary School
1001 E Harry Ave
Distance between this listing and this school0.78 miles
Public District Grades KG-5
2
/10
Hoover Elementary School
23720 Hoover Ave
Distance between this listing and this school1.47 miles
Public District Grades PK-5
2
/10
Westview Elementary School
24077 Warner Ave
Distance between this listing and this school1.88 miles
Public District Grades KG-5
Nearby Schools
1
/10
Nolan Elementary-Middle School
1150 E Lantz St
Distance between this listing and this school0.67 miles
Public Magnet Grades KG-8
1
/10
Hazel Park Junior High School
22770 Highland Ave
Distance between this listing and this school1.04 miles
Public District Grades 6-8
1
/10
Dove Academy of Detroit
20001 Wexford St
Distance between this listing and this school1.23 miles
Public Charter Grades PK-8
Nearby Schools
2
/10
Michigan Cyber Academy
1551 E 8 Mile Rd
Distance between this listing and this school0.16 miles
Public District Grades 9-12
3
/10
Michigan Virtual Charter Academy
1620 E Elza Ave
Distance between this listing and this school0.38 miles
Public Charter Grades KG-12
2
/10
Viking Virtual Academy
23400 Hughes Ave
Distance between this listing and this school0.38 miles
The neighbors living near this home have an average income of $22,188. The most common annual income of people living in Highland Park, MI is less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20490 Hanna St
What is the listing price of this property?
The listing price of 20490 Hanna St property is $58,900.
What type of property is this?
The property 20490 Hanna St is a house located in Highland Park, Michigan, 48203.
Is this property for sale now?
Active Listing: 20490 Hanna St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $538 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 7, 2017 for $52,900. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 20490 Hanna St has 4 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 20490 Hanna St is 1,276 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 20490 Hanna St is 1947.
This home is located at 20490 Hanna St in Highland Park, MI and zip code 48203 in the North East neighborhood. This 1,276 square foot home, which was built in 1947, sits on a 0.09 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $58,900.
While more than 1 listings in Highland Park, MI in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. Between October 2024 and November 2024, Highland Park, MI real estate market has seen increase in the number of listings by 12%. The median list price of listings available in November 2024 was $60,000, while the average time on the real estate market was 108 days.
From Rocket Homes Real Estate and based on county public records data.