$125,000

13918 Terry Street, Detroit, MI 48227

3 beds |
2 baths |
2,282 sqft

Single-Family Home
Built in 1925
4,792sqft lot
3 car garage
$55/sqft
Listed 2 days ago

Property Description

Excellent turnkey investment opportunity in Detroit! 13918 Terry St is fully renovated and occupied with a new and vetted tenant paying $1,500 per month. Offered at only $125,000, this property delivers an outstanding 14.4% cap rate from day one. Complete renovation includes new paint, windows, electrical, plumbing, furnace, water heater, kitchen and baths. Do not forget the rare and massive 3 car garage in the oversized backyard. Valid City of Detroit Certificate of Occupancy and Certificate of Compliance on file; property meets all rental standards and is Section 8 eligible. Current tenant is on a market-rate lease; full documentation, lead clearance, and tenant info available upon request. Ideal for hands-off or out-of-state investors seeking immediate cash flow in a strong rental submarket. Do not miss this rare combination of condition, occupancy, and return. Priced for quick sale. BATVAI

Listing Status:: Active
Date Added:: December 9, 2025 at 06:00AM
Listing Office:: Century 21 Curran & Oberski : 313-274-7200
Listing Agent:: Joseph Rauti : 313-348-4004
MLS ID:: 60958213

Basement: Partially Finished
Heating: Natural GasForced Air

Style: Bungalow
Parking: Parking spaces: 3

General: BrickVinyl SidingOne and One HalfBasement

Road/Access: Paved
Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: E TERRY 68 SCHOOLCRAFT SUB NO 3 L31 P42 PLATSW C R 22/78 40 X 120

Water: Public

Source: MiRealSource

This listing courtesy of Joseph Rauti, Century 21 Curran & Oberski

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Burns Elementary-Middle School

14350 Terry St, Detroit, MI, 48227

Grades KG-8

0.42 miles away

Burns Elementary-Middle School

14350 Terry St, Detroit, MI, 48227

Grades KG-8

0.42 miles away

Breithaupt Career and Technical Center

9300 Hubbell St, Detroit, MI, 48228

Grades 9-12

1.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.