2597 W 8 Mile Road, Detroit, MI 48221
Local realty services provided by:ERA Prime Real Estate Group
2597 W 8 Mile Road,Detroit, MI 48221
$99,000
- 3 Beds
- 2 Baths
- 2,245 sq. ft.
- Single family
- Pending
Listed by: phillip vanburen
Office: home negotiators llc.
MLS#:20261058788
Source:MI_REALCOMP
Price summary
- Price:$99,000
- Price per sq. ft.:$44.1
About this home
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....
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Home facts
- Year built:1938
- Subdivision & Development:WOODWARD
- Listing ID #:20261058788
- Added:108 day(s) ago
- Updated:November 14, 2026 at 09:09 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:6
- Basement Description:Unfinished
- Living area:2,245 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1938
- Building area:2,245 sq. ft.
- Lot area:0.09 Acres
- Architectural Style:Colonial
- Construction Materials:Brick
- Foundation Description:Basement, Block
- Levels:Two
Utilities
- Water:Public, Water at Street
- Sewer:Public Sewer, Sewer at Street
Finances and disclosures
- Price:$99,000
- Price per sq. ft.:$44.1
- Tax amount:$130
Parking
- Parking description:Detached, Two Car Garage
- Garage spaces:2
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