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About This Home
This 3-bedroom, 1-bathroom single family at 18988 Algonac Street in Detroit, MI is listed for $95,000 ($91 per sqft). Built in 1952, the home offers 1,040 sqft of living space on a 0.09 acres lot.
WELCOME TO 18988 ALGONAC - A TURNKEY SECTION 8 INVESTMENT OPPORTUNITY LOCATED ON DETROIT'S EAST SIDE. THIS 3-BEDROOM, 1-BATHROOM HOME IS CURRENTLY LEASED TO A SECTION 8 TENANT AT $1,200 PER MONTH WITH A FRESH LEASE IN PLACE, PROVIDING IMMEDIATE CASH FLOW FROM DAY ONE.
THE PROPERTY WAS FRESHLY RENOVATED IN 2026 AND OFFERS A LOW-MAINTENANCE INVESTMENT SETUP WITH THE TENANT RESPONSIBLE FOR ALL UTILITIES AND LAWN MAINTENANCE. STRONG RENTAL PERFORMANCE, RELIABLE GOVERNMENT-BACKED INCOME, AND A SOLID TENANT PLACEMENT MAKE THIS PROPERTY AN EXCELLENT ADDITION TO ANY INVESTOR'S PORTFOLIO. PROPERTY MAY BE PURCHASED INDIVIDUALLY OR AS A PACKAGE WITH 3423 BUCKINGHAM, WHICH IS CURRENTLY GENERATING $1,000 IN MONTHLY RENT. NO SHOWINGS WITHOUT AN ACCEPTED FULL PRICE OFFER.
Key Features
- Built in 1952
- 0.09 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$508/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
18988 Algonac Street
Detroit, MI 48234
Konczal Park
Property Details
Construction
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 18988 Algonac Street is listed at $95,000 ($91/sqft). The estimated monthly payment is $412 based on 20% down at 6.5% interest.
Key features include: Built in 1952, 0.09 acre lot, 2 stories.
This property is listed by Marta Kopania and can be reached at (313) 466-7253 or kopaniamarta@gmail.com.
