$105,000
$110,000 4.5%
Est. payment /mo
3 Beds
2 Baths
1,080 SqFt
Sold on 07/08/2026
8897 Hartwell Street Detroit, MI 48228
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Key Details
Sold Price $105,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $97
MLS Listing ID 20261036769
Sold Date 07/08/26
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
NEARBY SCHOOL & BUSINESS
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