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A Vintage Residence
17160 Runyon is an adorable bungalow built in 1926 and situated in Von Steuben, Detroit. This property features 895 square feet of living space on a 5,096 square-foot lot, and provides 3 bedrooms, 1 bathroom, gas and forced air heating, a large front lawn, and a detached garage. As a nearby amenity, families can enjoy outdoor activities at O’Brien Playground, a cozy park with a play structure and a basketball court.
Peaceful and Accessible
Von Steuben is a hidden neighborhood in Detroit that combines the tranquility of a rural setting with the accessibility of a big city. The area is known for its abundance of brick Tudor-style homes (many dating back to the 1940s), bungalows, and ranch-style houses. Most buildings, including this one, are covered with durable brick to endure the harsh Midwestern winters. Although it is a primarily residential location, Von Steuben is surrounded by numerous retail and dining options, as well as local sports facilities including Osborn High School’s football and baseball fields. Additionally, this neighborhood is just 7.5 miles from downtown Detroit, which is easily accessible by a short drive or two local bus lines.
Enticing Investment Opportunities
17160 Runyon provides a strong investment opportunity in an emerging neighborhood, with a projected rental income of 9.21% for token-holders at an acquisition price of $84,672. The property also includes an $8,000 renovation budget for any upgrades needed to maintain its optimal condition. This house presents an excellent investment choice with its emphasis on revitalization, community development, and below-average housing prices.
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