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48224 Market info

$131,250

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  • 3 Bedrooms
  • 1 Full Bath
  • 1,038 SqFt
  • MLS# 20250017044
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248-304-6700

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Turnkey Rental Property, Renovated in 2024, Leased Through 2026! Investors, here’s your prime opportunity! This turnkey rental property, renovated in 2024, offers immediate cash flow with a tenant already in place. The property is currently leased for $1,250 per month through December 31, 2025, with an increase to $1,312.50 per month from January 1, 2025, to December 31, 2026. With its recent renovations, including a modern kitchen with quartz countertops and a stylish subway tile backsplash, this home requires minimal upkeep and offers an attractive rental experience for tenants. Located in a desirable neighborhood, this property is within walking distance of popular dining options on Mack Ave, including The Jagged Fork and Dish, as well as local favorites like Motor City Burgzs on Warren Ave. Fitness enthusiasts will appreciate the close proximity to the Eastside Tennis & Fitness Club and Balduck Park. Essential amenities like Village Market grocery store and St. John’s Hospital are also just minutes away. This is the ideal investment for those seeking a turnkey rental with recent updates and a long-term lease in place. Don’t miss out on this incredible investment opportunity in a high-demand rental market. To respect the tenant's privacy, showings will be scheduled only after an accepted offer.

Property Information

Status
Active 
Address
5291 Farmbrook Street 
City
Detroit 
Zip
48224 
County
Wayne 
Township
Detroit 
Possession
At Close 
Property Type
Residential
Listing Date
03/18/2025 
List Price
$131,250
Subdivision
Rivard Villas 
Total Finished SqFt
1,611 
Lower Finished SqFt
573 
Total Lower SqFt
673 
Above Grade SqFt
1,038 
Water
Water at Street
Sewer
Sewer at Street
Year Built
1940 
Architecture
1 1/2 Story 
Home Style
Bungalow 

School Information

School District
Detroit 

Taxes

Summer Taxes
$1,248 
Winter Taxes
$119 

Rooms and Land

Living
12.00X13.00 1st Floor
Bedroom2
21.00X19.00 2nd Floor
Bedroom3
8.00X7.00 1st Floor
Kitchen
16.00X9.00 1st Floor
Bedroom4
9.00X12.00 1st Floor
Bath2
8.00X6.00 1st Floor
Basement
Partially Finished 
Cooling
Central Air 
Heating
Forced Air, Natural Gas 
Acreage
0.1 
Lot Dimensions
40.00 x 103.00 

Features

Exterior Materials
Vinyl 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20250017044 Active Coming Soon Mar 20 2025 2:14AM 37
20250017044 Coming Soon Mar 18 2025 9:36AM $131,250 37
20240032657 Sold Pending May 29 2024 7:36AM $43,500 2
20240032657 Pending Active May 16 2024 8:36AM 2
20240032657 Active May 14 2024 8:36PM $49,900 2
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

MIRC Logo

Listing Courtesy of Coldwell Banker Professionals-Northville
(248) 347-3050
Office Address 201 Cady Centre

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Our Michigan real estate agents can answer all of your questions about 5291 Farmbrook Street, Detroit MI 48224. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Detroit, Michigan real estate market. To sell or buy a home in Detroit, Michigan, contact our real estate agents as we know the Detroit, Michigan real estate market better than anyone with over 100 years of experience in Detroit, Michigan real estate for sale.

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5291 Farmbrook Street Detroit
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$131,250
For Sale • Bed: 3 • Bath: 1/0