2597 W 8 Mile Road
Detroit, MI 48221

Bedrooms

3

Bathrooms

2

Finished sq ft

1,495

Lot

0.09 acres

Year built

1938

Garage

2 spaces

Property type

Single Family Residence

County

Wayne

MLS #

20261058788

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.

Listing courtesy of Home Negotiators LLC · Realcomp · Listing agent: Phillip VanBuren