2597 W 8 Mile RD Detroit, MI 48221
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,495 sqft
Price per Sqft $66
Subdivision Woodward
MLS Listing ID 20261058788
Style Colonial
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1938
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type SingleFamilyResidence
Property Description
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 Area05041Det68Grflddequindre
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features TwoCarGarage, Detached
Garage Spaces 2.0
Pool None
View Y/N No
Garage true
Building
Foundation Basement, Block
Sewer Public Sewer, Sewer At Street
Water Public, WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition ShortSaleNo, Standard
NEARBY SCHOOL & BUSINESS
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