20201 GRANDVILLE Avenue, Detroit, MI 48219 1411
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20201 GRANDVILLE Avenue, Detroit, MI 48219 1411
20201 GRANDVILLE Avenue, Detroit, MI 48219 1411
20201 GRANDVILLE Avenue, Detroit, MI 48219 1411
20201 GRANDVILLE Avenue, Detroit, MI 48219 1411
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Jason Baker

Jason Baker

+1(419) 349-3867
$ 175,000
Est. payment /mo
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20201 GRANDVILLE Avenue Detroit, MI 48219 1411

3 Beds

1 Bath

1,010 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,010 sqft

Price per Sqft $173

Subdivision Evergreen Gardens Sub (Plats)

MLS Listing ID 60998270

Style 1 Story

Bedrooms 3

Full Baths 1

Abv Grd Liv Area 1,010

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

Property Description

Currently rented at $2,700/month through May 2027, this strong cash-flow property offers investors immediate income, lease stability, and a rare monthly rent figure at this price point. The property produces $32,400/year in gross scheduled rental income, creating an attractive 18.5% gross rent-to-price return and a strong 1.54% monthly rent-to-price ratio before expenses. For DSCR buyers, the rent roll is especially compelling as the current rental income provides strong debt-service coverage potential. Final DSCR will depend on interest rate, taxes, insurance, and lender guidelines, but the income profile is exactly what cash-flow investors look for. The existing lease through May 2027 gives the next owner a clear runway of income without needing to immediately place a tenant, market the property, or absorb vacancy risk. That lease stability is a major advantage for buy-and-hold investors who want predictable performance from day one. This is the type of asset that checks the right boxes: strong monthly rent, tenant already in place, attractive gross return, DSCR-friendly income, and a lease term that supports long-term planning. Whether you are expanding your portfolio or looking for a high-income rental with immediate performance, this property deserves a serious look. Please do not disturb the tenant. Showings to be arranged through the proper channels.

Location

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Unfinished

Interior

Interior Features DSL Available

Hot Water Gas

Heating Forced Air

Appliance Dishwasher, Dryer, Range/Oven, Refrigerator, Washer

Exterior

Garage No

Building

Story 1 Story

Foundation Basement

Water Public Water

Architectural Style Ranch

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams First
Nearby Locations
Jason Baker

Jason Baker

Broker License ID: BRKP.2013004472

+1(419) 349-3867

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20201 GRANDVILLE Avenue