Detroit SFH 4-Pack - Section 8 & Cash Specialty FOR SALE


Detroit, MI - Evergreen
$650,000 USD
810-515-1503
, Detroit, MI for Sale
$650,000 USD
Specialty - FOR SALE
1/12
null | 9.05% Cap Rate

Detroit SFH 4-Pack - Section 8 & Cash
Detroit, MI
Evergreen


HIGHLIGHTS

  • Section 8 - Tenant Occupied
  • Fully Remodeled & Updated
  • Nearly $60,000/year in Rent

OVERVIEW

This opportunity is a 4-property investor portfolio and will only be sold as a full package. No cherry picking. Package price is $650,000 for all four homes. Total portfolio rent: $5,800/month or $69,600/year. All properties are fully leased with tenant-paid utilities. Two properties are occupied by Section 8 tenants, two properties are occupied by cash tenants.Contact listing agent for rent roll, leases, additional photos, and investment packet. Addresses include: • 19775 Burgess - $1,700/m rent - large brick ranch with updates • 20201 Grandville $1,600/m rent - fully updated with granite countertops, modern floors, etc • 9117 Brace -$1,200/m rent - Section 8 - fully updated with granite countertops, modern floors, etc • 16550 Freeland - $1,300/m rent - Section 8 - long term tenant occupied condition Investment Performance • DSCR (80% LTV, 7% interest, 30-year term): 1.36 • Total Purchase Price: $650,000 • Annual Gross Rent: $69,600 • Annual Operating Expenses (taxes + insurance): $10,800 (estimated) • Net Operating Income (NOI): $58,800 • Cap Rate: 9.05% • Gross Rent Multiplier (GRM): 9.34 This is your opportunity to acquire a high-performing 4-property rental portfolio in Detroit — fully tenant-occupied, recently remodeled, and delivering immediate cash flow. With a monthly rent roll of $5,800, a cap rate of 9.05%, and tenants paying all utilities, this package is perfect for investors seeking passive income and strong returns. All four homes are single-family brick ranches, renovated to modern standards (with the exception of Freeland St), and located in stable rental corridors of Detroit. Each home is on an annual lease, two with Section 8 tenants and two with cash-paying tenants. These homes are 100% turnkey and qualify for DSCR or conventional financing, with no major repairs or updates needed. Property-by-Property Breakdown 19775 Burgess – Rent: $1,700/mo | Cash Tenant Located in one of Detroit’s most desirable neighborhoods, this move-in-ready brick ranch is filled with premium updates. The home features a spacious living room with a picturesque window, a modern kitchen with stainless steel appliances, and updated bathrooms. The large master suite on the first floor is a rare bonus. The finished basement with half bath, upgraded electrical, and newer flooring make this a truly turnkey investment. A side driveway and private backyard complete the package. Zero deferred maintenance. ? 20201 Grandville – Rent: $1,600/mo | Cash Tenant This newly remodeled brick ranch has been renovated from top to bottom with 2025-level finishes. The home opens to a bright and expansive living room, brand new luxury floors, and fresh paint. The kitchen is fully updated with granite countertops, white shaker cabinets, and sleek modern backsplash. All 3 bedrooms have new floors, doors, and finishes. A clean basement houses a new furnace and hot water heater (to be installed before closing). The home sits on a corner lot next to a park, offering great curb appeal and strong tenant retention. ? 9117 Brace - Rent: $1,200/mo | Section 8 Tenant This fully remodeled brick ranch was upgraded with care and quality. The kitchen features brand new cabinetry, granite countertops, and black accents, all tying into the updated bathroom. The home has brand new flooring throughout, fresh paint, new furnace and hot water heater (to be installed before closing), new windows, updated plumbing and electrical, and sits on a corner lot with fenced-in yard. Truly turn-key and attractive for guaranteed income through Section 8. ? 16550 Freeland - Rent: $1,300/mo | Section 8 Tenant This home offers reliable income through a Section 8 tenant. Tenants are long-term and the home has minimal turnover risk. Contact for Offering Memorandum & Showings This is a package-only deal — the properties will not be sold individually. Contact the listing agent directly for: • Full rent roll • Lease copies • Walkthrough videos • Rehab scope (where applicable) • DSCR financing referrals Don’t miss this opportunity to secure a stabilized, high-yield portfolio in Detroit’s cash-flowing single-family market.

ASK ABOUT THIS PROPERTY

Anuj ChandKeller Williams FirstMore Info
810-515-1503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Anuj ChandKeller Williams FirstMore Info
810-515-1503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.