$85,000

18040 Teppert Street, Detroit, MI 48234

3 beds |
2 baths |
1,096 sqft

Single-Family Home
Built in 1949
4,356sqft lot
1 car garage
$78/sqft
Listed 9 days ago

Property Description

TURNKEY RENTAL INVESTMENT | TENANT OCCUPIED | CASH FLOWING | RECENT EXTERIOR UPDATES INVESTMENT HIGHLIGHTS: Current rent of $1,135/month with reliable tenant in place since March 2024. Tenant maintains excellent payment history. Low-maintenance tenant requires minimal service requests. Recent exterior upgrade with new siding installed October 2025, enhancing curb appeal and reducing future maintenance costs. This is a true turnkey investment property. PROPERTY FEATURES: Well-maintained 1,096 sqft bungalow built in 1949 featuring hardwood floors, formal dining room, built-ins throughout, full basement with washer/dryer hookups, and fenced backyard. Garage provides additional value. The home offers abundant natural light and functional layout perfect for long-term tenants. PRIME LOCATION: Located in Detroit's Van Steuban neighborhood near Outer Drive and Greiner. Easy access to I-94 and Gratiot Avenue for downtown Detroit commute. Detroit Public Schools Community District serves the area with nearby schools including Brenda Scott Academy for Theatre Arts, Osborn High School, and Pulaski Elementary-Middle School. Nearby healthcare includes Southeast Michigan Surgical Hospital and St. John Providence Hospital. Shopping and dining along Gratiot corridor. Close to Mt. Olivet Cemetery and Coleman A. Young International Airport. IDEAL FOR: Buy-and-hold investors seeking immediate cash flow | Out-of-state & country investors wanting turnkey management | 1031 exchange buyers | Portfolio builders | Investors seeking stabilized performing assets | Anyone wanting passive rental income without vacancy risk FINANCIAL SNAPSHOT: $1,135/month rent Ã— 12 months = $13,620 gross annual income. Blows 1% Rule out of the water | Recent exterior improvements completed (new siding Oct 2025). Property professionally managed. Tenant-occupied - do not disturb. Showings by appointment only with advance notice. Priced at $85,000 for immediate acquisition.

Listing Status:: Active
Date Added:: November 25, 2025 at 06:00AM
Listing Office:: Tradewinds Development Group, LLC : 248-209-6755
Listing Agent:: Scott MacDonald : 248-209-6755
MLS ID:: 60955735

Basement: Unfinished
Heating: Natural GasForced Air

Style: Bungalow
Parking: Parking spaces: 1

General: Vinyl SidingOne and One HalfBasement

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

Zoning: E TEPPERT 1745 AND W 9 FT OF VAC ALLEY ADJ DRENNAN & SELDONS LA SALLE COLLEGE PARK SUB NO 5 L59 P50 PLATSW C R 17/531 37 X 120

Water: Public

Source: MiRealSource

This listing courtesy of Scott MacDonald, Tradewinds Development Group, LLC

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Brenda Scott Academy

18440 Hoover St, Detroit, MI, 48205

Grades PK-8

0.24 miles away

Brenda Scott Academy

18440 Hoover St, Detroit, MI, 48205

Grades PK-8

0.24 miles away

Osborn High School

11600 E 7 Mile Rd, Detroit, MI, 48205

Grades 9-12

0.46 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.