7200 Edgeton Street, Hamtramck, MI 48212

About this property

This renovated 3-bedroom, 1-bath ranch is currently tenant occupied under an active lease of $1,300 per month ($15,600 annually), offering investors an excellent opportunity to acquire an occupied rental property with long-term upside. Acquired in 2023 and extensively renovated prior to tenant occupancy, the home features updated flooring, fresh paint, an updated kitchen with modern cabinetry and countertops, a renovated bathroom, and numerous interior improvements throughout. The current tenant is in collections for prior rent obligations, with ownership actively pursuing collection efforts while maintaining the existing tenancy. Photos shown were taken prior to the current tenant's occupancy. Tenant occupied—please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.

Interior

Living area

950 sq ft

Interior features

Home Warranty

Heating

Forced Air

Fireplace

Yes

Stories

1

Exterior & construction

Construction

Vinyl Siding

Roof

Asphalt

Lot size

4,356 sq ft

Lot dimensions

42X100

New construction

Yes

Utilities

Water source

Public

Financial

Annual tax

$2,849

Location

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