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A Charming Home
11887 Riad is a charming home with a brick exterior and a masonry foundation. Located in the Denby neighborhood of Detroit, Michigan, this single-family residence dates from 1948 and offers 1,239 square feet of living space on a 4,312-square-foot lot. The property includes 3 bedrooms, 1 bathroom, ductless forced air heating, a front yard, and an attached garage. Nearby Skinner Playfield is the perfect spot for family outings with its open green area, basketball court, and playgrounds.
Small and Convenient
Denby is a cozy Detroit neighborhood that keeps residents close to city attractions and events, just 11 miles from downtown. The area offers a mix of home styles, although classic brick siding is a common feature. Families in Denby benefit from schools like Brewer Academy, which serves pre-kindergarten through 8th grade, and Denby High School, known for its community activism. Despite its small size, Denby boasts two public parks—Skinner Playfield and Brookins Park—perfect for outdoor activities. Accessible public bus stops on Morang Avenue, Kelly Road, and Whittier Avenue keep residents without cars well-connected to the rest of Detroit.
Investment Potential
With a 9.01% expected rental income to token-holders and a listing price of $76,740, this property offers its investors an interesting opportunity in a high-demand neighborhood. In addition, this residence comes with a $10,000 renovation budget to ensure the house maintains its good condition and value for the long term. This offering is our latest addition to Denby, where it joins 11078 Wayburn,11898 Laing, 11701 Morang, and 11924 Payton. This new property further supports our strategic effort to enhance returns by investing in emerging areas.
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