8897 Hartwell Street, Detroit, MI 48228

$105,000
3
BD
2
BA
1,080
SqFt

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Sold Price
$105,000
List Price
$110,000
Closing Date
Jul 08, 2026
Days on Market
20
MLS#
20261036769
Status
SOLD
Type
Single Family Residential
Bedrooms
3
Bathrooms
2
Full-baths
1
Half-baths
1
Living Area
1,080

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.

Additional Information

Taxes
$2,267
Acres
0.11
Fireplace
Yes
Heating
Forced Air
School District
Detroit
Sewer
Public Sewer
Stories
2
Style
Bungalow
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Anuj Chand from Listing Office: Keller Williams First.

Selling Agent: Selling Office: .

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