About This Home

This 3-bedroom, 1-bathroom single family at 18046 Steel Street in Detroit, MI is listed for $109,800 ($121 per sqft). Built in 1938, the home offers 909 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1938
  • 0.10 acre lot
  • 2 stories

Property Details

2 stories
1 full
1938
Listing Description

Solid Brick Bungalow with Existing Rental Income! A great opportunity for investors looking for a property with a lower initial cost of ownership and immediate rental income. This well-maintained brick bungalow is currently tenant occupied with a tenant paying $1,300/month.

The home features numerous updates, including newer windows, roof, updated kitchen and bathroom, plus central air. Conveniently located near Renaissance High School, Sinai-Grace Hospital, shopping, dining and major thoroughfares. A solid addition to a rental portfolio with several of the major updates already completed-allowing an investor to focus on cash flow rather than a major upfront renovation. Tenant-occupied. Need an accepted offer before a showing. BATVAI.

Monthly Cost Estimate

$587/mo

20% down · 6.5% · 30 years

Principal$79
Interest$476
Insurance$32

Estimates only. Actual payments may vary.

Location

18046 Steel Street

Detroit, MI 48235

Mortensons Benj F Mortenc Rest 1

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 18046 Steel Street is listed at $109,800 ($121/sqft). The estimated monthly payment is $587 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 0.10 acre lot, 2 stories.

This property is listed by Joseph Hammel.

JH

Joseph Hammel

Agent at M77 LLC

Listed by M77 LLC · Broker phone: (248) 649-7200 · View on Broker Site · Broker website

MLS# 20261072774· Source: Realcomp Limited II· 50 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

18046 Steel Street, Detroit, MI 48235

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