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5117 University Place, Detroit, MI 48224

$49,990
  • 5117 University Place, Detroit, MI 48224 Main Photo

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New to the Market Active
BEDS3 BATHS1 full SQUARE FEET1,336 MLS#20261022113
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONFarmbrook SCHOOLDetroit

Property Description

No Wholesalers. Investor special in Cornerstone Village with strong upside—this 3-bedroom, 1-bath home offers over 1,300 sq ft and sits in a desirable East Detroit neighborhood with solid comparable sales supporting an estimated ARV in the mid $100's. The property has fire damage and will require a full rehab but features a solid foundation, making it an ideal project for investors looking to add value. Highlights include a spacious layout and a large detached garage that was not affected by the fire, adding strong appeal for future resale or rental potential. Located in a well-established area surrounded by maintained homes and ongoing renovations, this is a prime opportunity to capitalize on continued demand. Cash or renovation financing only; property sold as-is. BATVAI

5117 University Place | MLS# 20261022113

This single family home located at 5117 University Place, Detroit, MI 48224 is currently listed for sale with an asking price of $49,990. This property was built in 1937 and has 3 bedrooms and 1 full baths with 1336 sq. ft. University Place is located in the Farmbrook subdivision within the Detroit school district. Search Farmbrook real estate on www.griffithrealty.com today.

Property Features

Property Type: Residential - Single Family
Basement: Unfinished
Fuel Type: Natural Gas
Garage: 2
Heating: Forced Air
Home Style: Bungalow
Lot Size: 0.15 Acres
Year Built: 1937

Feature Descriptions

Architecture: Bungalow
Days on Site: 3
Exterior: Brick
Foundation: Basement
Frontage Feet: 30
Garage/Parking: Detached
Lot Dimensions: 0.15 Acre(s)
Parking Notes: Detached
Road Frontage: Paved
Summer Tax: $1674.0000
Winter Tax: $300.0000

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: EXP Realty Main
Agency Phone: (888) 501-7085

Shown By

Agency Title: Griffith Realty
Agency Phone: 810-227-1016

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Estimate Your Payment

Estimated Payment

$ 125.84 per month $111.26 Principal & Interest $0.00 Property Tax (data not provided by mls) $14.58 Homeowner's Insurance

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