Homes for sale - 18040 Teppert Street, Detroit, MI 48234

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Rick Genzink

rickgenzink@gmail.com +1(616) 836-5576

$ 85,000

Est. payment | -/mo

3 Beds

2 Baths

1,096 SqFt

Save

$ 85,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,096 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,096 sqft

Price per Sqft $77

MLS Listing ID 20251056609

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1949

Annual Tax Amount $1,780

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 37X120

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

TURNKEY RENTAL INVESTMENT | TENANT OCCUPIED | CASH FLOWING | RECENT EXTERIOR UPDATESINVESTMENT HIGHLIGHTS: Current rent of $1,135/month with reliable tenant in place since March 2024. Tenant maintains excellent payment history. Low-maintenance tenant requires minimal service requests. Recent exterior upgrade with new siding installed October 2025, enhancing curb appeal and reducing future maintenance costs. This is a true turnkey investment property.PROPERTY FEATURES: Well-maintained 1,096 sqft bungalow built in 1949 featuring hardwood floors, formal dining room, built-ins throughout, full basement with washer/dryer hookups, and fenced backyard. Garage provides additional value. The home offers abundant natural light and functional layout perfect for long-term tenants.PRIME LOCATION: Located in Detroit's Van Steuban neighborhood near Outer Drive and Greiner. Easy access to I-94 and Gratiot Avenue for downtown Detroit commute. Detroit Public Schools Community District serves the area with nearby schools including Brenda Scott Academy for Theatre Arts, Osborn High School, and Pulaski Elementary-Middle School. Nearby healthcare includes Southeast Michigan Surgical Hospital and St. John Providence Hospital. Shopping and dining along Gratiot corridor. Close to Mt. Olivet Cemetery and Coleman A. Young International Airport.IDEAL FOR: Buy-and-hold investors seeking immediate cash flow | Out-of-state & country investors wanting turnkey management | 1031 exchange buyers | Portfolio builders | Investors seeking stabilized performing assets | Anyone wanting passive rental income without vacancy riskFINANCIAL SNAPSHOT: $1,135/month rent × 12 months = $13,620 gross annual income. Blows 1% Rule out of the water | Recent exterior improvements completed (new siding Oct 2025). Property professionally managed. Tenant-occupied — do not disturb. Showings by appointment only with advance notice.Priced at $85,000 for immediate acquisition.

Location

State MI

County Wayne

Area Wayne County - 100

Direction South of 7 mile and west of hoover

Interior

Heating Forced Air

Exterior

Parking Features Detached

Garage Spaces 1.5

View Y/N No

Garage Yes

Building

Story 2

Sewer Public

Water Public

Structure Type Vinyl Siding

Schools

School District Detroit

Others

Tax ID W17I014921S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Tradewinds Development Group, LLC

GET MORE INFORMATION

Rick Genzink

REALTOR®

rickgenzink@gmail.com

+1(616) 836-5576

240 E. 8th St. Holland MI 49423

18040 Teppert Street Detroit, MI 48234

Rick Genzink

Key Details

Location

Interior

Exterior

Building

Schools

Others

18040 Teppert Street