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A SPACIOUS HOME
3244 Pasadena is a stately 2-story single-family brick residence composed of 4 bedrooms and 2 bathrooms on a spacious 3,920 square-foot lot for the family to enjoy. This home offers convenience, a sense of community, and security, being located near the Grand AFC Home Assisted Living Facility, the Detroit Fire Department, and the Parkman Detroit Public Library.
A HISTORIC NEIGHBORHOOD
3244 Pasadena is part of a community with a rich history and diverse architecture. The Oakman Boulevard neighborhood is named after master land developer Robert Oakman, and the neighborhood features homes in Colonial Revival, early English, and Tudor styles, along with classic Foursquares and bungalows from the early 20th century, all along tranquil, tree-lined streets. Residents enjoy access to chain restaurants like McDonald’s and Taco Bell, as well as unique local eateries like Asian Corned Beef and the Midwest Grille.
A PROFITABLE INVESTMENT
Investing in 3244 Pasadena offers an expected annual income of 9.19%. The property, purchased for $87,000, includes a $4,000 renovation budget allocated to painting and roof maintenance, ensuring it remains appealing. This property is part of RealT’s broader economies-of-scale strategy, which includes nearby properties such as 1991 Ewald, 13700 Dexter, and 4061 Grand. By concentrating properties in the same area, RealT effectively reduces maintenance expenses and enhances overall returns.
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