18988 Algonac Street, Detroit, MI 48234

• 3 beds |
• 1 bath |
• 1,040 sqft

Property Description

WELCOME TO 18988 ALGONAC - A TURNKEY SECTION 8 INVESTMENT OPPORTUNITY LOCATED ON DETROIT'S EAST SIDE. THIS 3-BEDROOM, 1-BATHROOM HOME IS CURRENTLY LEASED TO A SECTION 8 TENANT AT $1,200 PER MONTH WITH A FRESH LEASE IN PLACE, PROVIDING IMMEDIATE CASH FLOW FROM DAY ONE. THE PROPERTY WAS FRESHLY RENOVATED IN 2026 AND OFFERS A LOW-MAINTENANCE INVESTMENT SETUP WITH THE TENANT RESPONSIBLE FOR ALL UTILITIES AND LAWN MAINTENANCE. STRONG RENTAL PERFORMANCE, RELIABLE GOVERNMENT-BACKED INCOME, AND A SOLID TENANT PLACEMENT MAKE THIS PROPERTY AN EXCELLENT ADDITION TO ANY INVESTOR'S PORTFOLIO. PROPERTY MAY BE PURCHASED INDIVIDUALLY OR AS A PACKAGE WITH 3423 BUCKINGHAM, WHICH IS CURRENTLY GENERATING $1,000 IN MONTHLY RENT. NO SHOWINGS WITHOUT AN ACCEPTED FULL PRICE OFFER.

Listing Status:

Active

Date Added:

May 5, 2026

Data Last Updated:

May 20, 2026 at 7:45AM

Listing Office:

Realtyflo Inc : 313-466-7253

Listing Agent:

Marta Kopania : 734-301-6553

MLS ID:

60990073

Interior

• Basement: Unfinished
• Heating: Natural GasForced Air

Exterior

• Style: Bungalow
• Parking: Parking spaces: 1

Construction

• General: BrickTwoBasement

Location

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

Lot

• Zoning: E ALGONAC 6 W 10 FT VAC ALLEY ADJ KONCZAL PARK SUB L47 P2 PLATSW C R 17/510 35 X 115

Utilities

• Water: Public Water at Street
• Sewer: Public At Street

Financial

• Source: MiRealSource