2597 W 8 Mile Rd, Detroit, MI 48221
- $99,000
- 3
- BD
- 2
- BA
- 2,245
- SqFt
- List Price
- $99,000
- MLS#
- 20261058788
- Status
- ACTIVE
- Bedrooms
- 3
- Bathrooms
- 2
- Half-baths
- 1
- Total Square Footage
- 2,245
- Subdivision
- WOODWARD
Property Description
Note that the ability to sell was held up by the probate court, but we are now ready to go. Outstanding buy-and-hold opportunity in one of Detroit’s most stable and appreciating rental pockets. This solid brick colonial offers investors a clear path to strong returns. the property features a new roof and other updates. Once an estimated $30,000 in improvements, are completed, the property is positioned to qualify for top-tier Section 8 payment standards, delivering an estimated 14% annual return. The equity story is just as compelling. Recent sales in the immediate micro-market—including 2444 Woodstock, located directly behind the subject—support an after-repair value of $250,000. The Woodstock comps demonstrate consistent buyer demand, strong retail values, and a neighborhood trajectory that continues to push upward. You'll get both high guaranteed rents and meaningful back-end appreciation, creating a rare dual-benefit hold. Whether you’re looking to lock in predictable Section 8 cash flow, execute a BRRR-style refinance, or simply add a high-performing Detroit asset to your portfolio, this property delivers on every front. Cash flow today, equity tomorrow — all in a ZIP code known for long-term stability.
Additional Information
- Year Built
- 1938
- Basement Type
- Unfinished
- Foundation
- Basement, Block
- Acres
- 0.09
- Style
- Colonial
- Acres
- 0.09
- School District
- Detroit
- Heating
- Forced Air, Natural Gas
- Garage Spaces
- 2
- Garage Description
- 2 Car, Detached
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Courtesy of Home Negotiators LLC 3138221708
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