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About the Listing 366268 - 335319
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.
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full / 1 Half
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1495
- Below Ground Sq Ft: 750
- Basement: Unfinished
- Other: 2 Story,Ground Level w/Steps,Forced Air,2 Car
- Water: Public (Municipal),Water at Street
Exterior Details
- Garage Capacity: 2 car
- Lot Dimensions: 40X100
- Roof:
- Others: Brick,Paved
- Sewer: Sewer (Sewer-Sanitary),Sewer at Street
- Parking Features: Detached
Financial Details
- Tax Amount: $130
- Taxes w/Assessments: N/A
- Tax/Property ID: W02I006155S
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2597 W 8 Mile Rd Detroit, MI 48221
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