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$ 85,000
$ 95,000 10.5%
Est. payment /mo
Sold on 08/26/2026
18988 Algonac Street Detroit, MI 48234
3 Beds
1 Bath
1,040 SqFt
UPDATED:
Key Details
Sold Price $85,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,040 sqft
Price per Sqft $81
MLS Listing ID 20261031720
Sold Date 08/26/26
Bedrooms 3
Full Baths 1
Year Built 1952
Annual Tax Amount $1,025
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X115
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
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.
Location
State MI
County Wayne
Direction Algonac & 7 Mile
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.0
View Y/N No
Garage Yes
Building
Story 2
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W17I015650S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Realtyflo Inc
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