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Corbin Gearhart

corbin@fullcircleregroup.com +1(517) 282-7166

$ 250,000

Est. payment -/mo

Save

New

551 Englewood ST Detroit, MI 48202

4 Beds

3 Baths

1,712 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 1,712 sqft

Price per Sqft $146

Subdivision Hunt & Leggetts Sub S 1/2 Of N 1/2 Of 1/4 Sec 24

MLS Listing ID 20261056877

Style Colonial

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 1912

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type SingleFamilyResidence

Property Description

This extensively renovated 4-bedroom, 2.5-bath Colonial is currently tenant occupied under an active lease of $2,100 per month ($25,200 annually), offering investors an exceptional opportunity to acquire a high-quality investment property. The property underwent a comprehensive renovation in 2025 featuring a beautifully updated chef's kitchen, remodeled bathrooms, luxury flooring, recessed lighting, new siding, new windows, a new roof, a two-zone furnace system, and numerous additional improvements throughout. Offering approximately 1,712 square feet above grade plus a partially finished basement, this well-appointed home combines excellent long-term investment potential with a prime location just minutes from Midtown and Downtown Detroit. The current tenant is on an agreed-upon repayment plan for prior rent arrearages, with ownership actively collecting under the terms of that agreement. Photos shown were taken prior to the current tenant's occupancy. Tenant occupied—please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Partially Finished

Entry Level BathLav

Second Level, 12 X 14 Bedroom

Second Level, 14 X 12 Bedroom

Basement Level BathFull

Second Level, 12 X 16 Bedroom

Second Level, 12 X 12 Bedroom

Second Level BathFull

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features NoGarage

Fence Back Yard, Fenced

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Listed by Jay Naim of EXP Realty Main

Nearby Locations

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Corbin Gearhart

+1(517) 282-7166 | corbin@fullcircleregroup.com

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Corbin Gearhart

551 Englewood ST Detroit, MI 48202

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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551 Englewood ST