Detroit, MI 48228,9521 Brace Street
Detroit, MI 48228,9521 Brace Street
Detroit, MI 48228,9521 Brace Street
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$72,900
Est. payment /mo
2 Beds
1 Bath
941 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 941 sqft

Price per Sqft $77

Municipality Detroit City

Subdivision Detroit City

MLS Listing ID 50196523

Bedrooms 2

Full Baths 1

Year Built 1954

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Condominium

Source MiRealSource

Property Description

One Unit Turn-Key Cash-Flow Machine in Detroit's Steady Rental Market "“ 9521 Brace Street, Detroit, MI 48228 Investors, here's the hassle-free income property you've been searching for "“ one that's already working hard for its next owner. This solid brick duplex unit comes with an outstanding tenant who has faithfully paid $1,100 on time every month for nearly two years and shows no signs of leaving. That's $13,200 in dependable gross annual revenue starting the day you close "“ zero vacancy, zero rehab, just pure cash flow from the moment the keys are yours. The home itself is a clean, move-in-ready 2-bedroom, 1-bath layout spanning 941 sq ft, thoughtfully updated in 2017 with fresh, modern finishes that still shine. Beautiful hardwood floors flow throughout, natural light pours into the open living spaces, and a private basement delivers bonus storage or future value-add potential. Separate utilities keep your carrying costs low "“ the tenant pays their own gas and electric. Location couldn't be stronger: directly across from Cody High School in the heart of the Franklin Park neighborhood, where teachers, hospital staff, and families create constant rental demand. Quick access to I-96, Southfield Freeway, major employers, and everyday shopping makes this spot a renter's favorite year after year. As a condominiumized unit, you own only this income-producing side while enjoying the benefits of duplex living without the full-building headaches. Ideal for expanding your portfolio, 1031 exchanges, or anyone who wants truly passive income backed by a proven nearly-two-year payment history. Clean, tenanted, updated, and already profitable "“ opportunities this turn-key don't come around often. Contact us today for rent rolls, lease details, and your private showing. Serious investors only "“ 9521 Brace Street is ready to start padding your bottom line immediately. Don't let this one slip away!

Location

State MI

County Wayne

Area Wayne County - 100

Interior

Heating Forced Air

Exterior

View Y/N No

Garage No

Building

Sewer Public

Structure Type Brick

Schools

School District Detroit

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by EXP Realty LLC

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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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