20201 Grandville Avenue

Detroit, Michigan 48219

  • 3 Bed(s)
  • 1 Bath(s)
  • 1,010 Sqft
  • 0.14
    Acre(Lot)
$185,000

Description

This one is for investors! tenant occupied at $1600/m. this property is part of a 4-property investor portfolio and will only be sold as part of the full package. no cherry picking. package price is $650,000 for all four homes. at a package price of $650,000, this deal offers a cap rate of 9.05%, grm of 9.34 and a dscr of 1.36. addresses include: 19775 burgess ($1,700/mo rent), 20201 grandville ($1,600/mo rent), 9117 brace ($1,200/mo rent, section 8), and 16550 freeland ($1,300/mo rent, section 8). total portfolio rent: $5,800/month or $69,600/year. all properties are fully leased, tenant-paid utilities, and in turnkey condition. contact listing agent for rent roll, leases, and additional info. this deal is ideal for an investor seeking stability, cash flow, and low management overhead. it qualifies for conventional and dscr financing. whether you’re scaling a local portfolio or investing from out of state, this package offers the kind of hands-off income most investors are looking for in the detroit market. you will cashflow from day 1. grandville is a newly remodeled brick ranch. everything has been updated to 2025 modern standards prior to tenant move in. huge living room with brand new floors, fresh paint and a large window which lets in tons of natural sunlight. brand new kitchen complete with new granite countertops, sleek white cabinets, new floors and new backsplash. fully updated bathroom with matching accents. all 3 spacious bedrooms have new floors, new doors and fresh paint. the basement is super clean and comes with a brand new furnace and hot water heater. other major updates include all new windows, plumbing, and electrical. ranch sits on a corner lot directly next to a wonderful park.

  • Property Type

    Residential

  • Subdivision

    Evergreen Gardens Sub (plats)

  • County

    Wayne

  • Style

    Ranch

  • AD ID

    50103823

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Room Information

    • Total Rooms: 6
    • Porches: Patio,Porch

    Interior Features

    • High Spd Internet Avail
    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1953
    • Building Stories: 1 Story
    • Foundation/Basement: Basement
    • Architecture: Ranch

    Exterior Features

    • Lighting
    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.14
    • Dimensions: 46.00 x 135.00

    Property Information

    • SQ ft: 1010
    • Subdivision: EVERGREEN GARDENS SUB (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $185,000

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: W GRANDVILLE 432 AND E 9 FT OF VAC ALLEY ADJ EVERGREEN GARDENS SUB L59 P92 PLATS, W C R 22/613 46.07 X 135

  • Tax Information

    • Annual Tax: $1,371
    • Parcel Number: W22I088569C70

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: W GRANDVILLE 432 AND E 9 FT OF VAC ALLEY ADJ EVERGREEN GARDENS SUB L59 P92 PLATS, W C R 22/613 46.07 X 135

  • Parking Information

    • Garage Size: No Garage

    Multi-Unit Information

    • Road Frontage: Paved

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 06/09/2025 @ 01:44

  • MLS: 628395289
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Home, with 3 bedrooms which is for sale, it has 1,010 sqft, 0 sized lot, and No Garage parking. are nearby neighborhoods.