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.
Listed By
Agency Name: EXP Realty Main
Agency Phone: (888) 501-7085
Shown By
Agent Name: Danielle Strickler
Agent Phone: (419) 290-9674
Agency Title: Key Realty
Estimated Payment
$ 1,471.35 per month $1,398.43 Principal & Interest $0.00 Property Tax (data not provided by mls) $72.92 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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551 Englewood Street | MLS# 20261056877
This single family home located at 551 Englewood Street, Detroit, MI 48202 is currently listed for sale with an asking price of $250,000. This property was built in 1912 and has 4 bedrooms and 2 full and 1 partial baths with 1712 sq. ft. Englewood Street is located in the Hunt & Leggetts Sub S 1/2 Of N 1/2 Of 1/4 Sec 24 subdivision within the Detroit school district. Search Hunt & Leggetts Sub S 1/2 Of N 1/2 Of 1/4 Sec 24 real estate on www.danielle-realty.com today.