$95,000

Untitled Listing

Detroit, Michigan 48234

Mount Olivet Neighborhood

3 Beds

1 Baths

1040 Sq FT

$91.35 Price per Sq Ft

Highlights

OneCarGarageDetached

About This Home

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.

Listing Agent

Marta Kopania

Realtyflo Inc

Listed on : May 5, 2026

Activity

Days on Market:

Home Details

Home Type

Residential

Est. Annual Taxes

$1,025

Year Built

Built in 1952

Lot Details

0.09 Acre Lot
Lot Dimensions are 35X115

Parking

OneCarGarage
Detached

Home Design

Interior Spaces

1,040 Sq Ft Home

Kitchen

Flooring

Bedrooms and Bathrooms

3 Bedrooms
1 Bathrooms

Laundry

Finished Basement

Home Security

Pool

Outdoor Features

Location

DetroitCity_Wayne, Michigan
Wayne County
Postal Code: 48234

Utilities

ForcedAir, NaturalGas
Water Source: WateratStreet
Sewer: SewerAtStreet

About the Showing Agent

Hassan Scheib

Own It Realty

313-395-0000

Contact Hassan

As a leading Real Estate investment broker, native Detroiter, and family man, Hassan Scheib commands a firm grasp of investing in the Detroit Metro area. His experience and native intuition have led him from success to success as he has overseen property sales, acquisitions, inspections, construction, and tenant placement. Hassan combines keen business acumen, finance know-how, transparency, and ethics with every deal, and he is skilled in Portfolio Sales, Investor Relations, Strategic Planning, Marketing & Management. Above all else, he understands that the client is at the center of the deal and knows how to listen to their needs, roll up his sleeves, and offer them first-class customized service. Committed and attentive, Hassan is always ready to dip into his expansive professional network, industry experience, care, and meticulous attention to detail to help clients reach their goals.

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