$110,000

8897 Hartwell Street, Detroit, MI 48228

3 beds |
2 baths |
1,080 sqft

Single-Family Home
Built in 1936
4,792sqft lot
—— car garage
$102/sqft
Listed 19 hours ago

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.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 11:42PM
Listing Office:: Keller Williams First : 8105151503
Listing Agent:: Anuj Chand : 8109086470
MLS ID:: 20261036769

General: High speed internet
Basement: FullUnfinished
Heating: Forced airNatural gas
Fireplace: Living roomWood burningFireplace

Style: Bungalow
Pool: None
Parking: No garage

General: BrickOneAndOneHalfBasementBlock

Road/Access: Paved
Originating MLS: Realcomp II Ltd
School District: Detroit
County: Wayne

Zoning: W HARTWELL N 41.50 FT OF E 118.92 FT 27 LYG W OF & ADJ HARTWELL AVE AS WD ROBERT M GRINDLEYS SUB NO 5 L31 P18 PLATSW C R 22/559 41.50 X 118.92W22I029454S

Water: Public
Sewer: Public sewer

Source: Realcomp II Ltd

This listing courtesy of Anuj Chand , Keller Williams First

Monthly Payment

$Est. Payment

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

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