$110,000 for Sale
8897 hartwell street,
detroit,
MI
48228
| Beds 3 | Baths 2 | 1,080 Sqft | 0.11 Acres |
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1 of 10 |
Property Description
Turnkey investment opportunity with immediate income already in place. This updated brick property is currently tenant occupied at $1,400 per month, with a lease secured through October 2026, allowing you to step into cash flow from day one without the time or expense of placing a tenant. At the current rental rate, the property produces $16,800 annually in gross rental income, delivering an attractive rent-to-price ratio of over 15% gross annual return before expenses. With today's DSCR lending environment, the existing rental income positions this property well for investors seeking strong debt-service coverage and cash-flow potential. The home itself has been thoughtfully updated to support long-term tenant satisfaction and minimize future capital expenses. Featuring 3 bedrooms and 1.5 baths, the property offers updated flooring, modern finishes, and a clean neutral interior that continues to attract strong rental demand. The functional layout, the modern updates, and the newer roof make this an ideal low-maintenance addition to any portfolio. Whether you're expanding your portfolio or securing your next reliable rental, this property offers the combination investors are looking for: performing income, secured tenancy, updated condition, and strong rental fundamentals at an appropriate price point.
General Information
Sale Price: $110,000
Price/SqFt: $102
Status: Active
MLS#: 60994761
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: robert m grindleys sub 5
Acres: 0.11
Lot Dimen: 41.5X118.92
Bedrooms:3
Bathrooms:2 (1 full, 1 half)
House Size: 1,080 sq.ft.
Acreage: 0.11 est.
Year Built: 1936
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1: 15x10
Bedroom 2: 12x12
Bedroom 3: 10x10
Bedroom 4:
Family Room:
Greatroom:
Dining Room:
Kitchen: 12x10
Livingroom: 10x15
Pole Buildings:
Paved Road: Paved Street
Garage: No Garage
Exterior: Brick
Fireplaces: Yes
Fireplace Description: LivRoom Fireplace,Natural Fireplace
Basement: Yes
Basement Description: Unfinished
Foundation: Basement
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $2,146
Est. Winter Taxes: $121
HOA fees:
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Listing By: Anuj Chand of Keller Williams First, Phone: 810-515-1503
