For more information regarding the value of a property, please contact us for a free consultation.
8897 Hartwell ST Detroit, MI 48228
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $97
Subdivision Robert M Grindleys Sub 5
MLS Listing ID 20261036769
Sold Date 07/08/26
Style Bungalow
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1936
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type SingleFamilyResidence
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.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Rooms
Basement Full, Unfinished
Interior
Interior Features HighSpeedInternet
Heating Forced Air, Natural Gas
Fireplaces Type LivingRoom, WoodBurning
Fireplace Yes
Exterior
Parking Features NoGarage
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
Read Less

©2026 Realcomp II Ltd. Shareholders
Bought with Keller Williams First
NEARBY SCHOOLS & BUSINESSES
GET MORE INFORMATION


