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Key Details
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $85
Subdivision Park Drive 4
MLS Listing ID 20251023023
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1943
Annual Tax Amount $4,824
Lot Size 5,227 Sqft
Property Sub-Type Bungalow
Property Description
Discover an exceptional investment opportunity at 11600 Somerset, Detroit, MI 48224. This well-positioned property is currently rented out for $1,500 per month to a Section 8 tenant, providing a stable and consistent income stream for investors.
Please do not disturb the tenant.
With its strong structure and timeless appeal, this property stands out in a thriving Detroit neighborhood. It features high ceilings, a practical floorplan, and classic architectural details, offering an excellent foundation for long-term growth and stability.
Located less than half a mile from Wayne County Community College – East Campus, the home is ideal for attracting student and faculty renters. The vibrant Mack Avenue business corridor is nearby, with shops, groceries, and popular eateries like Cadieux Café just minutes away. Residents also enjoy being 1.5 miles from Balduck Park's lush outdoor spaces and recreation.
Families will value the convenience of Ronald Brown Academy only 0.7 miles away, with Meijer grocery store two miles to the west for everyday essentials. Quick access to I-94 means downtown Detroit is under a 20-minute drive, keeping tenants close to major employers, attractions, and entertainment venues.
This sought-after eastside location offers solid cash flow and potential appreciation, enhanced by ongoing neighborhood development and city-backed revitalization. Investors will benefit from current rental income and the area's future growth prospects.
Don't miss out on the chance to secure a proven Detroit investment with reliable returns. For more information about 11600 Somerset, contact your agent today. Remember, please do not disturb the tenant.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Interior
Hot Water Natural Gas
Heating Forced Air
Exterior
Parking Features Detached
Garage Description 2 Car
Building
Foundation Basement
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
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