20201 GRANDVILLE AVE, Detroit, MI 48219
20201 GRANDVILLE AVE, Detroit, MI 48219
20201 GRANDVILLE AVE, Detroit, MI 48219
23
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$175,000
Est. payment /mo
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3 Beds
1 Bath
1,010 SqFt
Active

20201 GRANDVILLE AVE Detroit, MI 48219

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Nicole Stillman

Nicole Stillman

+1(248) 790-9075

UPDATED:

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 $173

Subdivision Evergreen Gardens Sub (Plats)

MLS Listing ID 20261040404

Style Ranch

Bedrooms 3

Full Baths 1

Year Built 1953

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type SingleFamilyResidence

Property 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

State MI

County Wayne

Area Area05032Det6To8Grnfldtolimits

Rooms

Basement Full, Unfinished

Interior

Interior Features HighSpeedInternet

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Exterior Feature Lighting

Parking Features NoGarage

Pool None

View Y/N No

Garage false

Building

Foundation Basement, BrickMortar, Poured

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, UsdaLoan, VaLoan

Listing Terms Cash, Conventional, FHA, UsdaLoan, VaLoan

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Anuj Chand of Keller Williams First

NEARBY SCHOOL & BUSINESS

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Nicole Stillman

Nicole Stillman

Advisor/Admin | License ID: 6501372905

+1(248) 790-9075

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20201 GRANDVILLE AVE