Gray Street Rental
Stable tenant | Brick Bungalow | $1,000 rent
Marketing description
Solid Detroit bungalow built for cash flow and stability. This 3-bedroom, 1-bath home (~1,000 sq ft) is currently rented to a long-term tenant who wants to stay, eliminating vacancy risk and providing immediate income from day one.
Located in Detroit’s east side / Mack corridor area, the property sits within a predominantly residential neighborhood supported by nearby neighborhood retail, grocery options, and local services. Daily conveniences, parks, and community amenities are accessible by short drive. The area primarily serves working residents with personal transportation, supporting consistent rental demand.
This asset fits cleanly into a buy-and-hold investment strategy: modest size, manageable maintenance profile, and tenant continuity already in place. Detroit’s affordable housing market continues to favor investors seeking yield, especially with stabilized properties that avoid the costs and uncertainty of lease-up.
Ideal for investors looking to add a performing, no-drama rental to their portfolio with long-term upside tied to neighborhood stabilization and market recovery.
Investment highlights
Stable, long term tenant who desires to remain
$1000 a month gross rent
3 bedroom 1 bath 1000 SF
Brick bungalow
Immediate cash flow
Simple, proven rental profile
Well-suited for buy-and-hold investors
Updated furnace, water heater, electrical
Seller will consider financing for well qualified buyer
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