20201 GRANDVILLE Avenue, Detroit, MI 48219
20201 GRANDVILLE Avenue, Detroit, MI 48219
20201 GRANDVILLE Avenue, Detroit, MI 48219
23
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$175,000
Est. payment /mo
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3 Beds
1 Bath
1,010 SqFt
Active

20201 GRANDVILLE Avenue Detroit, MI 48219

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Adam Rymill

Adam Rymill

+1(586) 800-8766

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,010 sqft

Price per Sqft $173

MLS Listing ID 20261040404

Bedrooms 3

Full Baths 1

Year Built 1953

Annual Tax Amount $1,371

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 46.00 x 135.00

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

Currently rented at $2,700/month through May 2027, this strong cash-flow property offers investors immediate income, lease stability, and a rare monthly rent figure at this price point. The property produces $32,400/year in gross scheduled rental income, creating an attractive 18.5% gross rent-to-price return and a strong 1.54% monthly rent-to-price ratio before expenses. For DSCR buyers, the rent roll is especially compelling as the current rental income provides strong debt-service coverage potential. Final DSCR will depend on interest rate, taxes, insurance, and lender guidelines, but the income profile is exactly what cash-flow investors look for. The existing lease through May 2027 gives the next owner a clear runway of income without needing to immediately place a tenant, market the property, or absorb vacancy risk. That lease stability is a major advantage for buy-and-hold investors who want predictable performance from day one. This is the type of asset that checks the right boxes: strong monthly rent, tenant already in place, attractive gross return, DSCR-friendly income, and a lease term that supports long-term planning. Whether you are expanding your portfolio or looking for a high-income rental with immediate performance, this property deserves a serious look. Please do not disturb the tenant. Showings to be arranged through the proper channels.

Location

State MI

County Wayne

Direction W 8 MILE RD TO GRANDVILLE, 3 BLOCKS SOUTH OF 8 MILE

Interior

Heating Forced Air

Appliance Washer, Refrigerator, Range, Oven, Dryer, Dishwasher

Exterior

Exterior Feature Patio, Porch(es)

View Y/N No

Garage No

Building

Story 1

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W22I088569C70

Acceptable Financing Cash, Conventional, FHA, Rural Development, VA Loan

Listing Terms Cash, Conventional, FHA, Rural Development, VA Loan

Listed by Keller Williams First

NEARBY SCHOOL & BUSINESS

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Adam Rymill

Adam Rymill

Agent | License ID: 6501431970

+1(586) 800-8766

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20201 GRANDVILLE Avenue