MLS # 20261032967 (Realcomp)

Great investment opportunity in the heart of Detroit! Formerly a duplex and currently converted into a spacious single-family home, 15734 Cruse St offers strong potential for both investors and owner-occupants alike. This tenant-occupied property features an updated kitchen, updated bathroom, generous living space, and a flexible floor plan with the possibility for future multifamily use. Currently occupied by a Section 8 tenant paying $1,800/month, offering immediate and reliable rental income with an estimated 13% cap rate. A great addition to any investment portfolio. Conveniently located near shopping, schools, major freeways, and local amenities. Tenant occupied — please do not disturb tenants. Showings available with accepted offer or approved access only.
Source: SparkMLS
Located in Harmony Village in Detroit, this property offers 5-bedroom, 2-bath, 1,639 sq ft, with original construction dating to 1928.
Asking $160,000 (about $98/sq ft).
Property tax estimate: $2,901 per year ($242/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
E CRUSE 200 & W 8 FT VAC ALLEY ADJ GROVELAND SUB L35 P93 PLATS, W C R 22/54 35 X 122
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Samar Taha
Sonic Realty LLC
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
15734 Cruse Street, Detroit, MI 48227
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Neighborhood
Harmony Village
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Community
Detroit
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County
Wayne County
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