20201 Grandville Avenue Detroit, MI 48219
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Overview
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
This building may also appear as:
20201 Grandville Ave20201 Grandville Ave Detroit, MI. 48219-1411 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.More Information
- MLS Number: 20251006289
- Price: $185,000.00
- Listing Start Date: 06/07/2025
- Current MLS Status: Active
- Status Date: 06/07/2025
- Year Built: 1953
- Square Footage: 1010
- Price per SqFt: $183.17
- Bedrooms: 3
- Full Bathrooms: 1
- Half Bathrooms: 0
- Total Tax: $1,371
- Year Remodeled: 2025
- Has Basement: Yes
Public Record Information
- Estimated Value: $149,999
- Square Footage: 1010
- Lot Area: 0.14 acres (6,098 sqft)
- Price per SqFt: $148.00
- Year Built: 1953
- Bedrooms: n/a
- Full Bathrooms: 1
- Taxes (from public record): $1,606
- Approx. Loan Amount: $0
- Zoning: R1
- Build Quality: C+
- Floor Types:
- Amenities:
- Heating Types: Forced Air Unit
- Exterior Wall Types: Brick
- Architecture Type: Other
- 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
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Current APN
(Assessor's Parcel Number): 22088569-70 (2208856970) - Previous APN: 22088569-70 (22088569-70)
- General Land Use: Residential
- County Land Use: Residential - Improved (401)
- Owner Occupied: Yes
- Owner City: Detroit, MI
- No. of Buildings: 1
Valuation
Exact Location
Transaction History
Sale Date | Sale Price | Arm's-Length |
---|---|---|
12/09/2024 | $56,500 | Yes |
06/24/2021 | $500 | Yes |
05/22/2020 | Yes | |
09/16/2011 | Yes |
Schools Nearby
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Listing Provided by Keller Williams First
Office Contact Info: (810) 515-1503
