2
See all 2 photos
$85,000
Est. payment /mo
3 Beds
2 Baths
1,096 SqFt
New
18040 Teppert Street Detroit, MI 48234
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,096 sqft
Price per Sqft $77
MLS Listing ID 20251056609
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1949
Annual Tax Amount $1,780
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 37X120
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
TURNKEY RENTAL INVESTMENT | TENANT OCCUPIED | CASH FLOWING | RECENT EXTERIOR UPDATESINVESTMENT HIGHLIGHTS: Current rent of $1,135/month with reliable tenant in place since March 2024. Tenant maintains excellent payment history. Low-maintenance tenant requires minimal service requests. Recent exterior upgrade with new siding installed October 2025, enhancing curb appeal and reducing future maintenance costs. This is a true turnkey investment property.PROPERTY FEATURES: Well-maintained 1,096 sqft bungalow built in 1949 featuring hardwood floors, formal dining room, built-ins throughout, full basement with washer/dryer hookups, and fenced backyard. Garage provides additional value. The home offers abundant natural light and functional layout perfect for long-term tenants.PRIME LOCATION: Located in Detroit's Van Steuban neighborhood near Outer Drive and Greiner. Easy access to I-94 and Gratiot Avenue for downtown Detroit commute. Detroit Public Schools Community District serves the area with nearby schools including Brenda Scott Academy for Theatre Arts, Osborn High School, and Pulaski Elementary-Middle School. Nearby healthcare includes Southeast Michigan Surgical Hospital and St. John Providence Hospital. Shopping and dining along Gratiot corridor. Close to Mt. Olivet Cemetery and Coleman A. Young International Airport.IDEAL FOR: Buy-and-hold investors seeking immediate cash flow | Out-of-state & country investors wanting turnkey management | 1031 exchange buyers | Portfolio builders | Investors seeking stabilized performing assets | Anyone wanting passive rental income without vacancy riskFINANCIAL SNAPSHOT: $1,135/month rent × 12 months = $13,620 gross annual income. Blows 1% Rule out of the water | Recent exterior improvements completed (new siding Oct 2025). Property professionally managed. Tenant-occupied — do not disturb. Showings by appointment only with advance notice.Priced at $85,000 for immediate acquisition.
Location
State MI
County Wayne
Area Wayne County - 100
Direction South of 7 mile and west of hoover
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.5
View Y/N No
Garage Yes
Building
Story 2
Sewer Public
Water Public
Structure Type Vinyl Siding
Schools
School District Detroit
Others
Tax ID W17I014921S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Tradewinds Development Group, LLC