$831 Closing Credit¹
#20250029048, Gaston Munoz, Listing Office: Munoz Realty Inc
$69,000 List price
7345 Penrod St Detroit, MI 48228
$819
Closing credit¹
2 beds
1 full
800 sqft
0.1 acres
$86 / sqft
House
Property details
About 7345 Penrod St
Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1050/mo, the entire rent is paid by the organization. Similar to Section 8. Lease began June 2023, rent increased as of June 2024. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.**
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusAccepting Backup Offers
Size800 sqft
BasementYes
Lot size0.12 Acres
Year built1939
ParkingNo Garage
MLS #20250010414
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: No Garage
- Architectural Style: Bungalow
- Heating: Forced Air, Natural Gas
- List Price: $69,000
- Price/SqFt: $86
- Annual Tax Amount: $1,133
- Tax Year: 2024
- Directions: N of Warren / W of Southfield
- Year Built: 1939
- Living Area: 800 SqFt
- Lot Size: 0.12 Acres
- MLS Number: 20250010414
- MLS Name: Realcomp II Ltd
- Office Name: Home Source Realty LLC
- Office Phone: (313) 384-5731
- Listing Agent: Bailee Clanton
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2025, 9:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$69,000
7345 Penrod St
$819
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 17, 2019 | Home Sold | $48,000 |
| Mar 06, 2019 | Home Sold | $37,500 |
| Nov 26, 2018 | Home Sold | $13,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $22,400 | $1,133 |
| 2023 | $17,600 | $1,133 |
| 2022 | $14,200 | $614 |
| 2021 | $10,800 | $614 |
| 2020 | $10,100 | $820 |
| 2018 | $8,500 | $820 |
| 2017 | $8,600 | $838 |
History based on county public records data.
Nearby schools
2
Gardner Elementary School
Public District KG-5
1.0 mi
•6528 Mansfield St
6
River Oaks Elementary School
Public District PK-5
1.4 mi
•20755 Ann Arbor Trl
5
Maples Elementary School
Public District PK-5
1.5 mi
•6801 Mead St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,836. The majority of Detroit, MI residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
35%
<35k
55%
35k-100k
8%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
33%
Single, with Kids
12%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
11%
12-17 yrs old
26%
18-34 yrs old
33%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7345 Penrod St
The listing price of 7345 Penrod St property is $69,000.
The property 7345 Penrod St is a house located in Detroit, Michigan, 48228.
Accepting Backup Offers: 7345 Penrod St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 7345 Penrod St are: Gardner Elementary School (GreatSchools Rating 2/10), River Oaks Elementary School (GreatSchools Rating 6/10), Maples Elementary School (GreatSchools Rating 5/10), Warrendale Charter Academy (GreatSchools Rating 2/10), Carver STEM Academy (GreatSchools Rating 1/10), Detroit Premier Academy (GreatSchools Rating 2/10), Cody High School (GreatSchools Rating 1/10), Detroit Leadership Academy High School (GreatSchools Rating 2/10), Clara B Ford Academy Seventy-Day Adventist (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,133 (source: MLS/based on county public records data).
The last sale was on December 17, 2019 for $48,000 (source: MLS/tax record).
The property at 7345 Penrod St has 2 bedrooms and 1 bathroom.
The property 7345 Penrod St is 800 SqFt (source: MLS/tax record).
The year of construction for 7345 Penrod St is 1939.
This home is located at 7345 Penrod St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 800 square foot home, which was built in 1939, sits on a 0.12 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 26, 2025 and is currently priced at $69,000.
In April 2025 more than 93 listings in Detroit, MI were sold above the asking price. During the same period more than 85 listings were sold at asking price, while more than 216 were sold below. The inventory of homes for sale in Detroit, MI between March and April 2025 increased by 13.4%. The median list price of listings available in April 2025 was $90,000, while the average time on the real estate market was 47 days.
From Rocket Homes Real Estate and based on county public records data.