AMAZING 11% CAP RATE***HIGH ROI**WARRENDALE INVESTMENT PROPERTY NEAR DEARBORN** CASH FLOWING INVESTOR SPECIAL** Performing Westside Ranch located on a solid block. Rented for $850 cash to a great tenant. This charming ranch features 2 nice size bedrooms and a full bath. Large living room, kitchen and full basement provides plenty of living space. Home has newer 3D Roof, vinyl windows and detached garage. Property is fenced and private. Terrific opportunity to add a performing rental to your portfolio. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1949
Stories: 1
Living Area: 693 SqFt
Listing Office:
Office Name: U.S. Investor Group
Office Phone: (313) 644-0034
Listing Agent: Al Baydoun
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Fenced
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: Just west of Evergreen between Tireman and Joy Rd
Price Information
Listing Price Info
Price Summary:
List Price: $60,000
Price Per SqFt: $87/SqFt
Tax Information:
Annual Amount: $1,704
Tax Year: 2021
What can I afford?
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $25K less than the Median Sold Price and $13/SqFt more than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240081005
Listing Office:
Office Name: U.S. Investor Group
Office Phone: (313) 644-0034
Listing Agent: Al Baydoun
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
1
/10
Mann Learning Community
19625 Elmira St
Distance between this listing and this school0.95 miles
Public District Grades KG-5
6
/10
River Oaks Elementary School
20755 Ann Arbor Trl
Distance between this listing and this school1.44 miles
Public District Grades PK-5
1
/10
Global Heights Academy
23713 Joy Rd
Distance between this listing and this school1.59 miles
Public Charter Grades PK-5
Nearby Schools
1
/10
Dixon Educational Learning Academy
8401 Trinity St
Distance between this listing and this school0.42 miles
Public District Grades KG-8
2
/10
Warrendale Charter Academy
19400 Sawyer St
Distance between this listing and this school0.75 miles
Public Charter Grades KG-8
3
/10
Ann Arbor Trail Magnet School
7635 Chatham
Distance between this listing and this school1.25 miles
Public Magnet Grades PK-8
Nearby Schools
1
/10
Way Academy Chicago Site
19321 W Chicago St
Distance between this listing and this school0.76 miles
Public Charter Grades 6-12
1
/10
Cody High School
18445 Cathedral St
Distance between this listing and this school1.02 miles
Public District Grades 9-12
3
/10
Vista Meadows Academy
20651 W Warren St
Distance between this listing and this school1.03 miles
The neighbors living near this home have an average income of $33,000. Residents of Detroit, MI typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8611 Stout St
What is the listing price of this property?
The listing price of 8611 Stout St property is $60,000.
What type of property is this?
The property 8611 Stout St is a house located in Detroit, Michigan, 48228.
Is this property for sale now?
Active Listing: 8611 Stout 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 $1,704 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 12, 2021 for $55,900. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 8611 Stout St has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 8611 Stout St is 693 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8611 Stout St is 1949.
This home is located at 8611 Stout St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 693 square foot home, which was built in 1949, sits on a 0.12 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $60,000.
In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.