About The Property

Investor Special!!! Turnkey income-producing opportunity in the highly sought-after historic Drexel Boulevard corridor. This spacious 1-bedroom, 1-bath condominium offers wood-finish flooring throughout, a cozy fireplace, a large bathroom with dual vanities, and an efficient layout that appeals to long-term tenants. The well-maintained building features secure fob entry, an assigned exterior parking space, and low HOA dues. The unit is currently leased to an excellent long-term tenant paying $1,750 per month through March 1, 2027, providing immediate, stable cash flow from day one with no vacancy concerns. Seller is also offering a $2,500 appliance credit, allowing the new owner or future occupant to update the appliances to their personal preference while adding value to theRead MoreRead Less
Courtesy of LPT Realty LLC [email protected]
Listing Snapshot
Days Online
20
Last Updated
Property Type
Condominium
Beds
1
Full Baths
1
Square Ft.
900
Year Built
2004
MLS Number
12703440
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Additional Details

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Basement
None
Building
Area: 900, Construction Materials: Brick, Built in 2004, Rebuilt: Yes
Cooling
Central Air
Accessibility Features
No
Fireplaces
1 fireplace, Location: Living Room
Heating
Natural Gas
Home Owner's Association
Dues: $448, Dues Frequency: Monthly, Dues include: Heat, Water, Gas, Parking, Insurance, Security, Exterior Maintenance, Scavenger, Snow Removal, Internet
Laundry
In Unit
Lot
Dimensions: CONDO
Parking
Parking included in price, Parking Total: 1, Assigned, Yes
Pets Policy
Description: Cats OK, Dogs OK
Sewer
Public Sewer
Utilities
Water Source: Lake Michigan, Public
Taxes
Annual Taxes: $3,135, Year: 2024
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30 Days Snapshot Of 60653
$394k
+11%
(avg) sold price
7
-50%
homes sold
22
-24%
(avg) days on market
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Monthly Payment
$0

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