20201 GRANDVILLE AVE Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48219
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,010 sqft
Price per Sqft $183
Subdivision Evergreen Gardens Sub (Plats)
MLS Listing ID 20251006289
Style Ranch
Bedrooms 3
Full Baths 1
Year Built 1953
Property Sub-Type SingleFamilyResidence
Property Description
This one is for investors! Tenant occupied at $1600/m. 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 deal offers the kind of hands-off income most investors are looking for in the Detroit market. You will cash flow 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. Owner also has 2 other tenant occupied properties for sale. Addresses include: 19775 Burgess ($1,700/mo rent), 20201 Grandville ($1,600/mo rent), and 16550 Freeland ($1,300/mo rent, Section 8). Total rent: $4,600/month or $55,200/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info.
Location
State MI
County Wayne
Area Area05032Det6To8Grnfldtolimits
Interior
Heating ForcedAir, NaturalGas
Exterior
Exterior Feature Lighting
Parking Features NoGarage
Pool None
View Y/N No
Building
Foundation Basement, BrickMortar, Poured
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard