8897 Hartwell Street, Detroit, MI 48228
8897 Hartwell Street, Detroit, MI 48228
8897 Hartwell Street, Detroit, MI 48228
8897 Hartwell Street, Detroit, MI 48228
8897 Hartwell Street, Detroit, MI 48228
8897 Hartwell Street, Detroit, MI 48228
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Ben Fitch

Ben Fitch

+1(734) 436-1355
$ 110,000
Est. payment | /mo

3 Beds

2 Baths

1,080 SqFt

Save
$ 110,000
Est. payment | /mo
Save

3 Beds

2 Baths

1,080 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $101

MLS Listing ID 20261036769

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

Schools and Properties Nearby

Ben Fitch

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(734) 436-1355

benfitch.realtor@gmail.com

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8897 Hartwell Street