18988 Algonac Street
Detroit, Michigan 48234
3
Bed
1
Bath
1,040Sqft
0.09Acre(Lot)
WELCOME TO 18988 ALGONAC — A TURNKEY SECTION 8 INVESTMENT OPPORTUNITY LOCATED ON DETROIT’S EAST SIDE. THIS 3-BEDROOM, 1-BATHROOM HOME IS CURRENTLY LEASED TO A SECTION 8 TENANT AT $1,200 PER MONTH WITH A FRESH LEASE IN PLACE, PROVIDING IMMEDIATE CASH FLOW FROM DAY ONE. THE PROPERTY WAS FRESHLY RENOVATED IN 2026 AND OFFERS A LOW-MAINTENANCE INVESTMENT SETUP WITH THE TENANT RESPONSIBLE FOR ALL UTILITIES AND LAWN MAINTENANCE. STRONG RENTAL PERFORMANCE, RELIABLE GOVERNMENT-BACKED INCOME, AND A SOLID TENANT PLACEMENT MAKE THIS PROPERTY AN EXCELLENT ADDITION TO ANY INVESTOR’S PORTFOLIO. PROPERTY MAY BE PURCHASED INDIVIDUALLY OR AS A PACKAGE WITH 3423 BUCKINGHAM, WHICH IS CURRENTLY GENERATING $1,000 IN MONTHLY RENT. NO SHOWINGS WITHOUT AN ACCEPTED FULL PRICE OFFER.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 3Bathroom Information
Total Baths: 1 Full Baths: 1 -
Room Information
Total Rooms: 4Interior Features
Basement Description: Unfinished -
Heating & Cooling
Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1952 Building Stories: 2 Story Foundation/Basement: Basement Architecture: Bungalow -
Exterior Features
Construction: Brick -
Utility Features
Sewer: Sewer at Street -
Water
Water at Street
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Lot Information
Lot Size: 0.09 Lot Dimensions: 35X115 Frontage Feet: 35 -
Property Information
SQ ft: 1040 Subdivision: Konczal Park Financing: Cash,Conventional
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Listing Price Information
Original List Price: $95,000 -
Listing Information
Possession: At Close Legal Description: E ALGONAC 6 W 10 FT VAC ALLEY ADJ KONCZAL PARK SUB L47 P2 PLATS, W C R 17/510 35 X 115
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Tax Information
Annual Tax: $1,025 Parcel Number: W17I015650S -
Possession
At Close -
Legal Information
Legal Description: Section: E ALGONAC 6 W 10 FT VAC ALLEY ADJ KONCZAL PARK SUB L47 P2 PLATS, W C R 17/510 35 X 115
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Parking Information
Has Garage: Yes Garage Size: 1 Car Garage Description: Detached -
Multi-Unit Information
Road Frontage: Paved
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School Information
School District: Detroit -
Utility Information
Water: Water at Street Sewer: Sewer at Street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 18827 Keystone Street , Detroit, MI, 48234 | $99,500 | 2 | 1 | 740 | 740 SqFt |
| 19423 Teppert St Street , Detroit, MI, 48234 | $69,000 | 3 | 1 | 1,100 | 1,100 SqFt |
| 19471 Dwyer Street , Detroit, MI, 48234 | $100,000 | 4 | 1.5 | 1,359 | 1,359 SqFt |
| 19336 Binder Street , Detroit, MI, 48234 | $59,900 | 3 | 1 | 1,293 | 1,293 SqFt |
| 19353 Runyon Street , Detroit, MI, 48234 | $40,000 | 3 | 1 | 1,000 | 1,000 SqFt |
| 20163 Bramford Street , Detroit, MI, 48234 | $74,900 | 3 | 1 | 1,032 | 1,032 SqFt |
| 19657 Gallagher Street , Detroit, MI, 48234 | $65,000 | 2 | 1 | 861 | 861 SqFt |
| 8035 Quinn Street , Detroit, MI, 48234 | $59,000 | 3 | 1 | 1,316 | 1,316 SqFt |
| 17388 Teppert Street , Detroit, MI, 48234 | $109,000 | 3 | 1 | 1,010 | 1,010 SqFt |
| 19611 Albion Street , Detroit, MI, 48234 | $45,000 | 3 | 1 | 1,000 | 1,000 SqFt |
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ByOwner last updated this listing 06/18/2026 @ 09:08
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