15038 mayfield street, detroit, MI 48205

LOCATED JUST 6 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE YOU WILL FIND 15038 MAYFIELD NESTLED ON A 3,920 SQUARE FOOT LOT IN THE MAPLERIDGE QUIET NEIGHBORHOOD OF HOMEOWNERS. BRAND NEW ROOF TEAR OFF WITH 40 YEAR WARRANTY, THIS CROWN JEWEL CONSISTS OF 4 RECENTLY REMODELED SECTION 8 BEDROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWER FURNACE AND HOT WATER TANK. IN ADDITION, HAS BRAND NEW PLUMBING AND NEWER ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. BRAND NEW ALUMINUM TRIM PAIRED WITH SOLID BRICK STRUCTURE COMPLETE THE CURB APPEAL TO YOUR ROYAL HIGHNESS.  EACH SPACIOUS BEDROOM HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH A LONG TERM SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1,700 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

IDX provided courtesy of Realcomp II Ltd. via Oakland Corners and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Marta Kopania of Downtown Realty, Phone: (313) 466-7253