20201 GRANDVILLE Avenue, Detroit, Michigan 48219

$175,000

Property Details

  • MLS#: 20261040404
  • Bedrooms: 3
  • Bathrooms: 1
  • Square Feet: 1,010
  • Price per Sqft: $173
  • Lot Size: N/A
  • Year Built: 1953
  • Property Type: Residential
  • Transaction: For Sale
  • Listing Status: Active
  • Days on Market: 118

Tax and Assessment Information

Tax and assessment information is unavailable.

Description

Currently rented at $2,700/month through May 2027, this strong cash-flow property offers investors immediate income, lease stability, and a rare monthly rent figure at this price point. The property produces $32,400/year in gross scheduled rental income, creating an attractive 18.5% gross rent-to-price return and a strong 1.54% monthly rent-to-price ratio before expenses. For DSCR buyers, the rent roll is especially compelling as the current rental income provides strong debt-service coverage potential. Final DSCR will depend on interest rate, taxes, insurance, and lender guidelines, but the income profile is exactly what cash-flow investors look for. The existing lease through May 2027 gives the next owner a clear runway of income without needing to immediately place a tenant, market the property, or absorb vacancy risk. That lease stability is a major advantage for buy-and-hold investors who want predictable performance from day one. This is the type of asset that checks the right boxes: strong monthly rent, tenant already in place, attractive gross return, DSCR-friendly income, and a lease term that supports long-term planning. Whether you are expanding your portfolio or looking for a high-income rental with immediate performance, this property deserves a serious look. Please do not disturb the tenant. Showings to be arranged through the proper channels.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 20201 GRANDVILLE Avenue?

20201 GRANDVILLE Avenue is listed at $175,000, or $173 per square foot.

How many bedrooms does 20201 GRANDVILLE Avenue have?

This property has 3 bedrooms and 1 bathrooms, with 1,010 square feet of living space.

Ask about this property

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Phone: (313) 484-4696

Email: info@sonicrealty.com

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