c.1950 Cheap House For Sale in Michigan Under $50K

OHU50K Notes $49,499

The three bedroom, 1.5 bath cheap house for sale in Michigan has hardwood floors, formal dining room, tiled bath and neat as a pin basement. The house next door has been demolished since the Google Map image was taken.

Detroit’s rental market has seen substantial growth in recent years.

House View featured at 19371 Helen St, Detroit, MI, 48234

Realtor Comments

Investor alert! 3 bedroom Brick Bungalow with full bath on main main and lavatory in open designed basement. Located two blocks south of E. Outer Drive within the Nortown area of Detroit. Home has newer model 3 Dimensional roof, newer model windows and glass block windows for additional basement lighting and wood flooring throughout home. Fenced backyard on a street that shows the pride of home ownership. Close to major highway for easy commute directly to freeways, near public transportation, Wilder Public Library, Cornerstone schools, Marion Law Academy, grocery stores and other points of interest. Please do not approach home without appointment or disturb the tenant legal right to peaceful enjoyment. Contact your agent today about a showing appointment after offer submission based upon inspection. Pictures prior to occupancy. As is sale with Warranty Deed transfer. $495 transaction fee buyer payable at closing. ~Buyer agent to verify all information and water read~

3bed
1.5+bath
Circa 1950

Road featured at 19371 Helen St, Detroit, MI, 48234

19371 Helen St, Detroit, MI 48234 $49,499

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor:
Milton G. Owens-Crawford

Brokered by: Reach Realty Group, Llc
Google Map
Niche

Other Interiors featured at 19371 Helen St, Detroit, MI, 48234

Investing in Detroit real estate for the long term can offer several potential benefits. Here are some reasons why investors often consider Detroit as a viable option.

Affordability

Detroit’s real estate market offers relatively affordable property prices compared to many other major cities in the United States. This affordability can attract investors looking for opportunities to enter the real estate market at a lower cost.

Potential for Value Appreciation

Detroit has experienced a significant rebound in recent years after facing economic challenges. As the city continues to undergo revitalization efforts, there is potential for property values to appreciate over the long term. This appreciation can lead to attractive returns on investment.

Diverse Investment Options

Detroit offers diverse real estate investment opportunities. You can choose from residential properties, commercial properties, multi-unit buildings, or even vacant land for development. This diversity allows investors to customize their investment strategies based on their goals and preferences.

Urban Development Initiatives

Detroit has been implementing various urban development initiatives to revitalize neighborhoods and attract residents and businesses. These initiatives include investments in infrastructure, public transportation, and community development projects. Positive urban development trends can positively impact property values and make the city more attractive for long-term investment.

Strong Rental Market

Detroit’s rental market has shown strength in recent years. The city has a high demand for rental properties, particularly in desirable neighborhoods and near major employment centers. Investors can take advantage of this demand by purchasing rental properties that can generate consistent cash flow and provide a steady income stream.

Proximity to Major Markets

Detroit’s location provides proximity to major markets, such as Chicago and Toronto. This strategic location can benefit investors looking to tap into regional economic growth and take advantage of cross-border business opportunities.

Economic Diversification

Detroit is known for its automotive industry, but the city has been actively diversifying its economy. Efforts have been made to attract technology, healthcare, and entertainment companies, among others. Economic diversification can contribute to long-term stability and growth, making Detroit an attractive investment destination.

Tax Incentives

The city of Detroit offers various tax incentives and abatements to encourage investment and development. These incentives can help reduce the overall cost of real estate investments and improve the potential return on investment.