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18988 Algonac Street, Detroit, MI 48234

$85,000
3
BD
1
BA
1,040
SqFt
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Sold Price
$85,000
List Price
$95,000
Status
SOLD
Days on Market
91
Closing Date
Aug 26, 2026
MLS#
20261031720
Subtype
Residential
Style
Bungalow
Year Built
1952
Bedrooms
3
Bathrooms
1
Full Baths
1
Living Area
1,040
Lot Size
3,920
Acres
0.09
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Property Description

WELCOME TO 18988 ALGONAC — A TURNKEY SECTION 8 INVESTMENT OPPORTUNITY LOCATED ON DETROIT’S EAST SIDE. THIS 3-BEDROOM, 1-BATHROOM HOME IS CURRENTLY LEASED TO A SECTION 8 TENANT AT $1,200 PER MONTH WITH A FRESH LEASE IN PLACE, PROVIDING IMMEDIATE CASH FLOW FROM DAY ONE. THE PROPERTY WAS FRESHLY RENOVATED IN 2026 AND OFFERS A LOW-MAINTENANCE INVESTMENT SETUP WITH THE TENANT RESPONSIBLE FOR ALL UTILITIES AND LAWN MAINTENANCE. STRONG RENTAL PERFORMANCE, RELIABLE GOVERNMENT-BACKED INCOME, AND A SOLID TENANT PLACEMENT MAKE THIS PROPERTY AN EXCELLENT ADDITION TO ANY INVESTOR’S PORTFOLIO. PROPERTY MAY BE PURCHASED INDIVIDUALLY OR AS A PACKAGE WITH 3423 BUCKINGHAM, WHICH IS CURRENTLY GENERATING $1,000 IN MONTHLY RENT. NO SHOWINGS WITHOUT AN ACCEPTED FULL PRICE OFFER.

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Additional Information

Taxes
$1,025
Property Description
Bungalow
Heating
Forced Air
Stories
2
Parking Features
Detached
Garage Spaces
1
School District
Detroit
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Listing courtesy of Listing Agent: Marta Kopania from Listing Office: Realtyflo Inc.

Selling Agent: Selling Office: .

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