MI > Detroit
Detroit, MI 48219,20201 GRANDVILLE Avenue
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Detroit, MI 48219,20201 GRANDVILLE Avenue
Detroit, MI 48219,20201 GRANDVILLE Avenue
Detroit, MI 48219,20201 GRANDVILLE Avenue
Detroit, MI 48219,20201 GRANDVILLE Avenue
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Jennifer Rodgers

Jennifer Rodgers

Green Key Real Estate, LLC

+1(517) 398-2541
$ 185,000
Est. payment /mo
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20201 GRANDVILLE Avenue Detroit, MI 48219

3 Beds

1 Bath

1,010 SqFt

UPDATED:

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
agent

Jennifer Rodgers

Broker | License ID: 6505414638

+1(517) 398-2541

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20201 GRANDVILLE Avenue