5541 Grayton Street, Detroit, MI 48224 - Photo 1

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$110,000 Sale Pending

For Sale
Pending
Single Family
3 Beds
2 Full Baths
1,302 Sq. Ft.
1 Car Garage
Updated 13 days ago

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Property Description

**Turnkey 4-Bedroom Rental in East English Village, Detroit** Investors, don't miss this prime opportunity in Detroit's desirable East English Village! This 4-bedroom, 1-bathroom turnkey rental property is already income-producing, with a long-term tenant of 12 years in place, paying $1,100 per month. Professionally managed by a reliable property management company, this property offers hassle-free ownership and consistent cash flow. Located on the east side of Detroit, East English Village is known for its strong community vibe and well-maintained homes. Whether you're looking to expand your portfolio or secure your first rental property, this gem provides stability and peace of mind.

Full Property Details

Full Property Details for 5541 Grayton St

General

Price: $110,000
Taxes: $1,800
Status: Pending
Type: Single Family
Source: SWMRIC_MLS
MLS ID: 24046256
Updated: 12/13/2024
Added to Site: 14 day(s) ago

Interior

Number of Rooms: 2

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: In Unit

Parking

Garage: Yes
Garage Spaces: 1
Parking Features: Detached

Location

Area: Wayne County - 100
County: Wayne
Subdivision: Eastern Heights Land Companys Sub 1
Cross Streets: Chandler Park Dr
Driving Directions: To reach 5541 Grayton St, Detroit, MI 48224, start by taking the nearest exit from I-94 E. Merge onto Harper Ave and continue for about a mile. Then, take a right onto Cadieux Rd and drive straight for another mile. Turn left onto W Warren Ave, and after about half a mile, turn right onto Grayton St. Property will be on your left.

Heating & Cooling

Heating Type: Forced Air

Utilities

Sewer: Public Sewer
Water: None
Utility Description: Natural Gas Available, Natural Gas Connected, Public Sewer

Structural Information

Architectural Style: Colonial
Construction: Brick
Basement: Yes
Stories/Levels: 2
Square Feet: 1,302
Living Area: 1,302 Sq. Ft.
Year Built: 1930

Lot Features

Lot Size (Acres): 0.13
Lot Size (Sq. Ft.): 5,663
Lot Dimensions: 39 x 144 x 39 x 143

Financial Considerations

Tax Amount: $1,800
Terms: Cash, VA Loan, Conventional

Disclosures and Reports

Legal Description: W GRAYTON 537 EASTERN HEIGHTS LAND COS SUB NO 1 L50 P4 PLATS, W C R 21/738 39 X 144
Property ID: 21074191

Listed by Detroit Metro Realty, Kingsley Ifezue

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— 5541 Grayton St —

Kingsley Ifezue

Detroit Metro Realty

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Schools

Schools serving 5541 Grayton St

School District:Detroit Public Schools Community District

Name	Grades	Distance
Ronald Brown Academy 11530 E Outer Dr, Detroit, MI 48224	PK-6	0.7 mi
Edward 'duke' Ellington Conservatory Of Music & Art At Beckham Academy 9860 Park Dr, Detroit, MI 48213	PK-8	2.3 mi
Spain Elementary-Middle School 3700 Beaubien St, Detroit, MI 48201	PK-8	7.2 mi
Frederick Douglass Academy For Young Men 2001 W Warren Ave, Detroit, MI 48208	6-12	8.6 mi
East English Village Preparatory Academy 5020 Cadieux Rd, Detroit, MI 48224	9-12	0.3 mi
Detroit School Of Arts 123 Selden St, Detroit, MI 48201	9-12	7.7 mi
Cass Technical High School 2501 2nd Ave, Detroit, MI 48201	9-12	8.1 mi
Detroit International Academy For Young Women 9026 Woodward Ave, Detroit, MI 48202	PK-12	7.7 mi
Clippert Academy 1981 McKinstry St, Detroit, MI 48209	5-8	10.3 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5541 Grayton St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/04/2024

Listed

$110,000

243.75%

MLS

4/13/2016

Sold

$32,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 5541 Grayton St

Year

Property Taxes

Change

Tax Assessment

Change

2023

$1,252

$46,700

26%

2020

$1,183

113%

$37,200

31%

2022

$555

-14%

$28,500

61%

2020

$642

—

$17,700

2020

$642

-45%

$17,000

31%

2019

$1,165

$13,000

17%

2018

$1,123

$11,100

11%

2017

$1,117

-46%

$10,000

-51%

2016

$2,064

-4%

$20,500

-5%

2015

$2,141

38%

$21,600

44%

2014

$1,554

-49%

$14,986

—

2013

$3,045

—

$14,986

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 5541 Grayton St

5541 Grayton Street, Detroit, MI 48224 (MLS# 24046256) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5541 Grayton Street is currently listed for $110,000 and was received on December 13, 2024. Want to learn more about 5541 Grayton Street? Do you have questions about finding other Single Family real estate for sale in Detroit? You can browse all Detroit real estate or contact a Coldwell Banker agent to request more information.

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5541 Grayton St Detroit, MI 48224

Full Property Details for 5541 Grayton St

General

Interior

Rooms

Bathrooms

Bedrooms

Other Rooms

Parking

Location

Heating & Cooling

Utilities

Structural Information

Lot Features

Financial Considerations

Disclosures and Reports

Quickly Find Out More

Quickly Find Out More

Listing agent

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Be ready to buy your new home!

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Schools serving 5541 Grayton St

Price & Sales History for 5541 Grayton St Get Price Alerts and Save Property

Tax History for 5541 Grayton St

Estimate the Cost for 5541 Grayton St

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