48205 Homes with Living Room Fireplace Features

48205 Homes with Living Room Fireplace Features

Welcome to the vibrant community of Detroit’s 48205 zip code, nestled in the heart of Wayne County, Michigan. This area is a tapestry of rich history, diverse culture, and an array of housing options, making it an exciting place to call home. Detroit, known as the Motor City, is replete with iconic architecture, lively arts scenes, and a resilient spirit that resonates throughout its neighborhoods.

In 48205, you’ll find homes that are not just structures, but havens filled with warmth and character. A standout feature of many residences in this area is the inviting living room fireplace, perfect for cozy gatherings during Michigan’s chilly winters. Imagine curling up with a good book or hosting friends and family around the crackling fire, creating memories that will last a lifetime. These fireplaces not only add a touch of elegance and charm to your living space but also serve as a focal point that enhances the overall ambiance of your home.

The 48205 zip code offers a variety of housing styles, from classic bungalows to modern renovations, catering to diverse tastes and budgets. With its proximity to parks, schools, and local amenities, this area is ideal for families and individuals alike. Whether you’re a first-time homebuyer or looking to invest in property, the homes in this community, especially those with living room fireplaces, promise comfort and style in a dynamic city setting. Come explore the opportunities awaiting you in Detroit's 48205—your new home may be just around the corner!

Newest 48205 Homes with Living Room Fireplace Features

$85,000
3 Beds 2 Baths 20261036809 MLS ACTIVE Status
Here's a cash-flowing tenant occupied brick rental with strong fundamentals already in place. Priced at $85,000 and currently rented at $1,448/month until June 2027, this 3-bedroom, 2-bath single-family home offers investors immediate income and attractive rent-to-price performance. From an investor standpoint, the numbers are strong. At the current rent, the property produces $17,376/year in gross rental income, which equals approximately a 20.4% gross rent-to-price return. For DSCR-focused buyers, the rental income gives this property attractive coverage potential. Based on an estimated 75% LTV loan, the current rent produces a strong estimated DSCR before taxes and insurance, and the scheduled rent increase improves that position even further. Final DSCR will depend on lender rate, taxes, insurance, and underwriting guidelines. The home also offers several ownership advantages investors look for. Brick construction, a good roof, a new furnace in 2024, and a new hot water heater in 2024 help reduce near-term capital concerns. The 1,603 sq ft layout includes 3 bedrooms, 2 full baths, a fireplace, and newer windows, giving tenants the comfort and functionality that support long-term occupancy. This is the kind of asset investors want in a buy-and-hold portfolio: already rented, solid monthly income, durable brick construction, and recent mechanical updates. Please do not disturb the tenants. Contact us for details and showing instructions.

11437 Kenmoor Street, Detroit

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