15
See all 15 photos
$185,000
Est. payment /mo
3 Beds
1 Bath
1,010 SqFt
New
20201 GRANDVILLE Avenue Detroit, MI 48219
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,010 sqft
Price per Sqft $183
MLS Listing ID 20251006289
Bedrooms 3
Full Baths 1
Year Built 1953
Annual Tax Amount $1,371
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 46.00 x 135.00
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
This one is for investors! Tenant occupied at $1600/m. This property is part of a 4-property investor portfolio and will only be sold as part of the full package. No cherry picking. Package price is $650,000 for all four homes. At a package price of $650,000, this deal offers a cap rate of 9.05%, GRM of 9.34 and a DSCR of 1.36. Addresses include: 19775 Burgess ($1,700/mo rent), 20201 Grandville ($1,600/mo rent), 9117 Brace ($1,200/mo rent, Section 8), and 16550 Freeland ($1,300/mo rent, Section 8). Total portfolio rent: $5,800/month or $69,600/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info. This deal is ideal for an investor seeking stability, cash flow, and low management overhead. It qualifies for conventional and DSCR financing. Whether you're scaling a local portfolio or investing from out of state, this package offers the kind of hands-off income most investors are looking for in the Detroit market. You will cashflow from day 1. Grandville is a newly remodeled brick ranch. Everything has been updated to 2025 modern standards prior to tenant move in. Huge living room with brand new floors, fresh paint and a large window which lets in tons of natural sunlight. Brand new kitchen complete with new granite countertops, sleek white cabinets, new floors and new backsplash. Fully updated bathroom with matching accents. All 3 spacious bedrooms have new floors, new doors and fresh paint. The basement is super clean and comes with a brand new furnace and hot water heater. Other major updates include all new windows, plumbing, and electrical. Ranch sits on a corner lot directly next to a wonderful park.
Location
State MI
County Wayne
Area Wayne County - 100
Direction W 8 MILE RD TO GRANDVILLE, 3 BLOCKS SOUTH OF 8 MILE
Interior
Heating Forced Air
Exterior
Exterior Feature Patio, Porch(es)
Utilities Available High-Speed Internet
View Y/N No
Garage No
Building
Story 1
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I088569C70
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Keller Williams First