Sold
20264 Waltham Street, Detroit, MI 48205
Sold on 05/28/2026 for$50,000
MLS # 20261010714 (Realcomp)
3 beds2 baths1,192 sqftBuilt 19420.1 acres
1 / 62
Listing Description
Turnkey Investment Opportunity – Low-Maintenance Bungalow with Long-Term Tenant. This well-maintained vinyl-sided bungalow features a new roof, some updated electrical and some updated plumbing. This property is currently tenant occupied, providing immediate rental income. This is a Cash Tenant – Rent $800/month, tenant pays all utilities. It is being sold site unseen and will be contingent upon a private inspection. Don't miss out on this promising investment opportunity!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,192 sq ft home built in 1942 sits in Mt Olivet in Detroit.
Final sale price: $50,000 (about $42/sq ft).
Annual property taxes run approximately $1,881 ($157/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 2,000 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,192 sqft
Lot Size0.1 acres
Year Built1942
Stories2
Location
CityDetroit
Zip Code48205
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionVinyl Siding
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed2/19/2026
Sold Date5/27/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,536
Tax Year2025
State Equalized Value$29,300
Assessed Value$29,300
Parcel #21032742.
Source: Public Records
Legal Description
E WALTHAM AVE 8 W 9 FT OF VAC ALLEY ADJ WALTHAM MANOR SUB L54 P55 PLATS, W C R 21/879 40 X 113.50
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Luis A Rodriguez
RE/MAX Leading Edge
Frequently Asked Questions about 20264 Waltham Street, Detroit, MI 48205
What school district is 20264 Waltham Street, Detroit, MI 48205 in?
Per MLS# 20261010714, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261010714, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261010714, the most recent reported annual property tax for 20264 Waltham Street, Detroit, MI 48205 is $1,592. 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.
Is 20264 Waltham Street, Detroit, MI 48205 eligible for USDA financing?
Per USDA Rural Development boundary data, 20264 Waltham Street, Detroit, MI 48205 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 20264 Waltham Street, Detroit, MI 48205 is in flood zone X (minimal risk). 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.
Is fiber internet available at 20264 Waltham Street, Detroit, MI 48205?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 20264 Waltham Street, Detroit, MI 48205. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
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.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$1,881
Monthly$157
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$513
Principal & interest$357
Property taxes$157
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
20264 Waltham Street, Detroit, MI 48205
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Neighborhood
Mt Olivet
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Community
Detroit
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County
Wayne County
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