805 E MUIR Avenue

DESCRIPTION

**INVESTORS** Here is a perfect opportunity for you to add to or start your rental portfolio! This 3 bedroom, 1 bathroom Hazel Park ranch has a high-quality, long-term tenant who is paying $1,100/month through 9/30/2022, and then $1,175/month through 9/30/2024, so you have built-in inflation protection! The property features numerous updates, including vinyl windows, an updated electrical panel, forced air heat, an updated kitchen, a well-maintained bathroom, PEX supply plumbing, some PVC drain plumbing, a recently updated front porch, and a 1.5 car garage! The property is conveniently located close to the 8-Mile thoroughfare and the I-75 freeway, and is only minutes away from downtown Ferndale and Royal Oak! Best of all, this property has 20-50K in equity, as similar nearby homes are selling to homebuyers for between 140-170K!