2597 W 8 Mile Road, Detroit, MI 48221
2597 W 8 Mile Road, Detroit, MI 48221
2597 W 8 Mile Road, Detroit, MI 48221
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$99,000
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3 Beds
2 Baths
1,495 SqFt
New

2597 W 8 Mile Road Detroit, MI 48221

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Alyssa LaRose

Alyssa LaRose

+1(989) 721-4241

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,495 sqft

Price per Sqft $66

Subdivision Woodward

MLS Listing ID 61015575

Style 2 Story

Bedrooms 3

Full Baths 1

Half Baths 1

Abv Grd Liv Area 1,495

Year Built 1938

Annual Tax Amount $130

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 40X100

Property Sub-Type Single Family

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.

Location

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Unfinished

Interior

Heating Forced Air

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Garage Yes

Building

Story 2 Story

Foundation Basement

Water Public Water, Public Water at Street

Architectural Style Colonial

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Home Negotiators LLC

Nearby Locations

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Alyssa LaRose

Alyssa LaRose

Agent

+1(989) 721-4241

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2597 W 8 Mile Road