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CHARMING POTENTIAL
Welcome to 18848 Bloom, a quaint single-family home nestled in the heart of Detroit’s Krainz Woods neighborhood. Built in 1941, this residence features 3 bedrooms, 1 bathroom, and 911 square feet of living space on a 3,484 square-foot lot.
VIBRANT LOCALE
The Krainz Woods neighborhood is bustling with amenities and local attractions. Dining options like Kam’s Chop Suey and Taylor Made Burgers provide delicious local fare, while Krainz Park offers green space for recreation and relaxation. The Church of Our Father Missionary Baptist adds a community and spiritual hub for residents, enhancing the neighborhood’s appeal.
INVESTMENT PROMISE
18848 Bloom presents a compelling investment opportunity with an expected yearly rental income of 9.21%. Priced at $94,695.60 and featuring a $14,000 renovation budget, this property is primed for profitable returns. The renovation budget covers overall residence updates, as the previous owner completed electrical and plumbing work but then stopped the renovations.
Strategically located near other properties such as 20039 Bloom and 9311 Keystone, 18848 Bloom benefits from the RealT concentric circle strategy of scale and cost reductions. This enhances overall investment efficiency and profitability.
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