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$110,000

Est. payment - /mo

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3 Beds

2 Baths

1,080 SqFt

New

8897 Hartwell ST Detroit, MI 48228

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Theresa Edwards

theresa@edwardsgrouprealestate.com +1(517) 245-5760

UPDATED:

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $101

Subdivision Robert M Grindleys Sub 5

MLS Listing ID 20261036769

Style Bungalow

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1936

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type SingleFamilyResidence

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

Area Area05042Det6Tiregrnfldlivernois

Rooms

Basement Full, Unfinished

Interior

Interior Features HighSpeedInternet

Heating Forced Air, Natural Gas

Fireplaces Type LivingRoom, WoodBurning

Fireplace Yes

Exterior

Parking Features NoGarage

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Listed by Anuj Chand of Keller Williams First

NEARBY SCHOOL & BUSINESS

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Theresa Edwards

Broker Associate | License ID: 6506047753

+1(517) 245-5760

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8897 Hartwell ST Detroit, MI 48228

Theresa Edwards

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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8897 Hartwell ST