For Sale
18027 Moenart Street, Detroit, MI 48234
$74,900
MLS # 20261021131 (Realcomp)
2 beds1 bath732 sqftBuilt 19500.08 acres
1 / 16
Listing Description
Turnkey income-producing property — tenant in place, cash flowing from day one. This updated 3-bed, 1-bath bungalow is currently occupied by a cash-paying tenant on a one-year lease at $1,100/month, delivering a 14% ROI with 20% down. The property has been fully renovated — no deferred maintenance, no capital expenditure surprises. Updates include new flooring, fresh paint, updated lighting, a renovated kitchen with new cabinetry and countertops, and updated mechanicals in the full basement. Low-maintenance exterior means minimal ongoing upkeep costs. Layout offers strong rental flexibility: two main-floor bedrooms plus a large upper-level third bedroom that can serve as a flex space — attractive to a wide tenant pool. Private driveway and fenced yard add practical tenant appeal and support long-term retention. Conveniently located near major roads, shopping, and everyday amenities — a solid rental location that supports low vacancy risk. Ideal for the buy-and-hold investor seeking immediate cash flow!
Source: SparkMLS
About this home
2-bedroom, 1-bath, 732 sq ft home in Pershing in Detroit built in 1950.
Asking $74,900 (about $102/sq ft).
Estimated annual property tax: $616, or about $51 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area732 sqft
Lot Size0.08 acres
Year Built1950
Stories1
Location
CityDetroit
Zip Code48234
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/31/2026
Original Price$80,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$778
Tax Year2025
State Equalized Value$9,600
Assessed Value$9,600
Parcel #13016003.
Source: Public Records
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2021. W MOENART 383 AND E 8 FT OF VAC ALLEY ADJ HARRAHS NORWOOD SUB L34 P77 PLATS, W C R 13/232 35 X 113
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Nabil M Syed
Amin Realty
Frequently Asked Questions about 18027 Moenart Street, Detroit, MI 48234
Which school district serves 18027 Moenart Street, Detroit, MI 48234?
Per MLS# 20261021131, 18027 Moenart Street, Detroit, MI 48234 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261021131, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 18027 Moenart Street, Detroit, MI 48234?
Per public tax records, annual property taxes for this property are $1,702. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 18027 Moenart Street, Detroit, MI 48234 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 18027 Moenart Street, Detroit, MI 48234 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 18027 Moenart Street, Detroit, MI 48234?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$616
Monthly$51
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$537
Principal & interest$486
Property taxes$51
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
18027 Moenart Street, Detroit, MI 48234
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Neighborhood
Pershing
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Community
Detroit
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County
Wayne County
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