$115,000 for Sale

12909 riad street, detroit, MI 48224

Beds 3 Baths 1 1,100 Sqft 0.12 Acres 1 of 5
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Property Description
Section 8 pays 100 percent 1472 on rent each month and it is section 8 inspected and approved. Please do not disturb tenant, make an offer. *Currently, the property is rented at an impressive $1,472 per month. With an investment of only $115,000, this provides a robust cap rate of approximately 15.4%, making it a standout choice for buyers searching for income-generating real estate. Discover an outstanding investment opportunity at 12909 Riad Street, Detroit, Michigan, 48224. This property is located in a desirable area experiencing steady growth, making it an attractive option for investors seeking value, stable returns, and high rental demand in Detroit. This well-built home enjoys an ideal position with convenient access to local necessities, enhancing its appeal to quality tenants. Wayne Elementary School is just 0.3 miles away, and Morningside Park is less than 0.5 miles from the property, offering excellent educational and recreational options nearby. Shopping is easy with Chandler Park Market only 0.6 miles away, and popular restaurants like Steve’s Soul Food are only five minutes by car, providing a range of dining and shopping options for residents. The property features a practical layout and flexible living space, making it easy to maintain and maximizing your potential return. With its classic charm and solid construction, this home fits perfectly into Detroit’s strong rental market. Whether you’re a seasoned investor or just starting out, this address offers reliable cash flow and opportunities for long-term growth. Convenient access to major roads ensures quick commutes and additional rental appeal, supporting steady occupancy rates. Don’t miss your chance to own a well-located rental in a strong Detroit neighborhood, close to schools, parks, and amenities. Contact us today for more information or to arrange a private viewing, and make 12909 Riad Street your next successful investment.
General Information
Sale Price: $115,000
Price/SqFt: $105
Status: Active
MLS#: rcomi20251034696
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: park drive 4
Acres: 0.12
Lot Dimensions: 42x123
Bedrooms:3
Bathrooms:1   (1 full, 0 half)
House Size: 1,100 sq.ft.
Acreage: 0.12 est.
Year Built: 1943
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 
Bedroom 2 : 
Bedroom 3: 
Bedroom 4: 
Family Room: 
Greatroom: 
Dinning Room: 
Kitchen: 
Livingroom: 
Pole Buildings: 
Paved Road:  Paved
Garage:  1 Car
Garage Description:  Detached
Construction:  Brick
Exterior:  Brick
Basement:  Yes
Basement Description:  Unfinished
Foundation :  Basement
Heating:  Forced Air
Fuel:  Natural Gas
Waste:  Sewer (Sewer-Sanitary)
Watersource:  Public (Municipal)
Tax, Fees & Legal
Home warranty:  No
Est. Summer Taxes:  $1,424
Est. Winter Taxes:  $168
Legal Description:  W RIAD 1098 PARK DRIVE SUB NO 4 L54 P11 PLATS, W C R 21/886 42.16 IRREG


IDX provided courtesy of Realcomp II Ltd. via Solutions Realty Group LLC and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Rashad Elabed of JNA Real Estate, Phone: (248) 648-0484
(810) 614-3194 Call Veronica Abdelnour, Realtor, Associate Broker for more information about this property.

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Listings Presented by:
Veronica Abdelnour, Realtor, Associate Broker
Call:
(810) 614-3194

Office:
(810) 302-7001

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This Home located at
12909 riad street, detroit MI 48224
is currently for sale priced at $115,000 and was listed on September, 09, 2025 and has been on the market for 12 days.

12909 riad street has 3 bedrooms, 1 bathrooms, and approximately 1,100 square feet. This home is in the detroit school district and has a lot size of 42x123 with 0.12 acres and was built in 1943. 12909 riad street is in the 48224 ZIP Code area of detroit.

If you have any question about this property or any others, please don't hesitate to contact me.