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$ 110,000
Est. payment /mo
New
8897 Hartwell Street Detroit, MI 48228
3 Beds
2 Baths
1,080 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $101
MLS Listing ID 20261036769
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1936
Annual Tax Amount $2,267
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 41.5X118.92
Property Sub-Type Single Family Residence
Source Realcomp
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.
Location
State MI
County Wayne
Direction N of Joy Rd and E of Schaefer Hwy
Interior
Heating Forced Air
Fireplaces Type Living Room
Fireplace true
Exterior
View Y/N No
Garage No
Building
Story 2
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I029454S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Keller Williams First