Ashton Rd, Detroit, MI

  • Price: $137,000
  • Rent: $1,350
  • Cap Rate: 8.28%
  • Monthly NOI: $945
  • Monthly Expenses: $405
  • Type: Single Family Home
  • Year: 1939
  • Bedrooms: 3
  • Bathrooms: 1
  • Floor area: 1228

This property is located just steps away from the  charming Grandmont #1 sub division.  There is a growing mix of home owners and tenants which has lead to rental rates to climb and homes to sell for $250k+. The “Strategic Neighborhood Fund” has a $35 million commitment from multiple corporations, each vowing to spend $5 million over five years to enhance city neighborhoods. The money goes for streetscape improvements, help for local businesses, and preserving or creating affordable housing.

Basement!

1.5 car garage

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