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About the Listing 104777 - RC377512
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.
Listing Highlights
Status
Pending
Days on Site
31
Property Type
Residential
MLS ®
60994761
Year Built
1936
Total Square Footage
1,080
Lot/Acreage
0.11
County
Wayne
Neighborhood
Robert M Grindleys Sub 5
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full / 1 Half
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces: LivRoom Fireplace,Natural Fireplace
- Floor:
- Above Ground Sq Ft: 1080
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: DSL Available
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 41.5X118.92
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $2,267
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
8897 Hartwell Detroit, MI 48228
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