$114,900 for Sale

3531 somerset avenue, detroit, MI 48224

Beds 3 Baths 2 1,195 Sqft 0.12 Acres 1 of 23
Property Description
Turnkey Rental Property, Renovated Brick Bungalow Near Grosse Pointe in Morningside Neighborhood. Investors, don't miss this incredible turnkey rental opportunity! This recently renovated (2024) brick bungalow is tenant-occupied with a signed lease through March 31, 2026, generating $1,275 per month in rental income. With its recent renovations in 2024, including a modern kitchen with granite countertops, main floor bathroom renovation, half bathroom addition to basement, LVP flooring throughout, fresh paint throughout, new hot water heater and 80% efficiency 60 BTU Furnace, an much more, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located near the Grosse Pointe border in desirable Morningside Neighborhood, this home offers unbeatable convenience, within walking distance to popular restaurants and shops on Mack Avenue, including The Cracked Egg of Grosse Pointe and Alma Kitchen. Nearby, you’ll also find Aldi, Trader Joe’s, and other shops and restaurants, making this a highly desirable area for renters. The home features modern updates, renovated in 2024, and long-term rental stability, making it a hassle-free investment. With its prime location and steady cash flow, this is an excellent buy-and-hold opportunity for investors looking to expand their portfolio. To respect the tenant's privacy, showings will only be scheduled after an accepted offer.
General Information
Sale Price: $114,900
Price/SqFt: $96
Est. Payments: $754*
Status: Active
MLS#: 20250016865
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: meininger
Acres: 0.12
Lot Dimensions: 62.00 x 86.00
Bedrooms:3
Bathrooms:2   (1 full, 1 half)
House Size: 1,195 sq.ft.
Acreage: 0.12 est.
Year Built: 1939
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Paved Road:  Paved
Garage:  No Garage
Construction:  Brick
Exterior:  Brick
Basement:  Yes
Basement Description:  Unfinished
Foundation :  Basement
Cooling:  Central Air
Heating:  Forced Air
Fuel:  Natural Gas
Waste:  Public Sewer (Sewer-Sanitary)
Watersource:  Public (Municipal)
Tax, Fees & Legal
Home warranty:  No
Est. Summer Taxes:  $1,936
Est. Winter Taxes:  $201
HOA fees:  0
Legal Description:  W SOMERSET 3 & N 1/2 OF VAC ALLEY ADJ MEININGER SUB L46 P47 PLATS, W C R 21/270 51.89 IRREG
Map


IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Brenda Meeuwenberg of Coldwell Banker Professionals-Northville, Phone: (248) 347-3050
810-241-4252 Call Sheila Rothley for more information about this property.

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Sheila Rothley
Call:
810-241-4252

Office:
810-733-3435

This Single-Family Home located at
3531 somerset avenue, detroit MI, 48224
is currently for sale. This property is listed for $114,900.
For Sale | $114,900 | 3 Bed, 2 Bath | 1,195 Sq Ft MLS ID rcomi20250016865
3531 somerset avenue has 3 bedrooms, approximately 1,195 square feet. This home is in the detroit school district and has a lot size of 62.00 x 86.00 with 0.12 acres and was built in 1939. 3531 somerset avenue is in detroit and in ZIP Code 48224 area.
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