20201 GRANDVILLE Avenue Detroit, MI $ 175,000
20201 GRANDVILLE Avenue
$ 175,000
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20201 GRANDVILLE Avenue

Detroit, MI, 48219
$ 175,000
Bedrooms3 Baths1.0 Sq 1,010

Monthly Estimate*

$ 1,105

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Single Family Home for sale in Detroit, MI

for $175,000 with 3 bedrooms and 1 full bath. This 1,010 square foot home was built in 1953 on a lot size of 0.14.

Currently rented at $2,700/month through May 2027, this strong cash-flow property offers investors immediate income, lease stability, and a rare monthly rent figure at this price point. The property produces $32,400/year in gross scheduled rental income, creating an attractive 18.5% gross rent-to-price return and a strong 1.54% monthly rent-to-price ratio before expenses. For DSCR buyers, the rent roll is especially compelling as the current rental income provides strong debt-service coverage potential. Final DSCR will depend on interest rate, taxes, insurance, and lender guidelines, but the income profile is exactly what cash-flow investors look for. The existing lease through May 2027 gives the next owner a clear runway of income without needing to immediately place a tenant, market the property, or absorb vacancy risk. That lease stability is a major advantage for buy-and-hold investors who want predictable performance from day one. This is the type of asset that checks the right boxes: strong monthly rent, tenant already in place, attractive gross return, DSCR-friendly income, and a lease term that supports long-term planning. Whether you are expanding your portfolio or looking for a high-income rental with immediate performance, this property deserves a serious look. Please do not disturb the tenant. Showings to be arranged through the proper channels.

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Single Family Active

Price

$ 175,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,371

Style

Ranch

Lot Size

0.14

Year Built

1953

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261040404

Features
Interior
Interior Amenities HighSpeedInternet
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1010.0
Half Baths 0
Total Bedrooms 3
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Appliances Dishwasher Dryer FreeStandingGasOven FreeStandingGasRange FreeStandingRefrigerator Washer
Garage Spaces 0.0
Patio/Porch Features Patio Porch
Architectural Style Ranch
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1953
Levels One
Property Subtype SingleFamilyResidence
County Wayne
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name EVERGREEN GARDENS SUB (PLATS)
Garage Y/N N
Total Rooms 5
Full Baths 1
Status Active
Directions W 8 MILE RD TO GRANDVILLE 3 BLOCKS SOUTH OF 8 MILE
City DetroitCity_Wayne
Disclosures TaxesNotHomesteadExempt
Entry Location GroundLevelwSteps
Senior Community Y/N N
High School District Detroit
MLS Area Area05032Det6To8GrnfldToLimits
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1371.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 16606
Expected Active Date 2026-06-02
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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Exterior
Exterior Amenities Lighting
Parking Features NoGarage
Water Source Public
Foundation Details Basement BrickMortar Poured
Spa N
Lot Dimensions 46.00 x 135.00
Lot Size Acres 0.14
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 20201
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* Excluded Features
List By
Anuj Chand

Listing Agent

Keller Williams First

Broker

(810) 908-6470

Phone

Affordability Calculator

$1,219
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,105
Monthly Property Taxes
$114
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/28/2026$155,000 -3.13% Price Down
6/29/2026$160,000 -5.88% Price Down
6/19/2026$170,000 -5.56% Price Down
6/2/2026$180,000 Listed Price

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20201 GRANDVILLE Avenue, Detroit, MI, 48219 is a Single Family Home for sale at $175,000 with 1,010 sqft and a lot size of 0.14. 20201 GRANDVILLE Avenue has 3 bedrooms, 1.0 baths, and was built in 1953. The property's zip code is 48219 which is in Detroit, MI