Sold
8897 Hartwell Street, Detroit, MI 48228
Sold on 07/08/2026 for$105,000
MLS # 20261036769 (Realcomp)
3 beds2 baths1,080 sqftBuilt 19360.11 acres
1 / 10
Listing Description
Turnkey investment opportunity with immediate income already in place. This updated brick property is currently tenant occupied at $1,400 per month, with a lease secured through October 2026, allowing you to step into cash flow from day one without the time or expense of placing a tenant. At the current rental rate, the property produces $16,800 annually in gross rental income, delivering an attractive rent-to-price ratio of over 15% gross annual return before expenses. With today’s DSCR lending environment, the existing rental income positions this property well for investors seeking strong debt-service coverage and cash-flow potential. The home itself has been thoughtfully updated to support long-term tenant satisfaction and minimize future capital expenses. Featuring 3 bedrooms and 1.5 baths, the property offers updated flooring, modern finishes, and a clean neutral interior that continues to attract strong rental demand. The functional layout, the modern updates, and the newer roof make this an ideal low-maintenance addition to any portfolio. Whether you’re expanding your portfolio or securing your next reliable rental, this property offers the combination investors are looking for: performing income, secured tenancy, updated condition, and strong rental fundamentals at an appropriate price point.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,080 sq ft home built in 1936 sits in Mackenzie in Detroit.
Closed at $105,000 (about $97/sq ft).
Property tax estimate: $1,354 per year ($113/month). 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
Bedrooms3
Bathrooms2
Living Area1,080 sqft
Lot Size0.11 acres
Year Built1936
Stories2
Location
CityDetroit
Zip Code48228
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/19/2026
Sold Date7/7/2026
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Annual Tax$1,120
Tax Year2025
State Equalized Value$21,100
Assessed Value$21,100
Parcel #22029454.
Source: Public Records
Legal Description
W HARTWELL N 41.50 FT OF E 118.92 FT 27 LYG W OF & ADJ HARTWELL AVE AS WD ROBERT M GRINDLEYS SUB NO 5 L31 P18 PLATS, W C R 22/559 41.50 X 118.92
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Anuj Chand
Keller Williams First
Frequently Asked Questions about 8897 Hartwell Street, Detroit, MI 48228
What school district is 8897 Hartwell Street, Detroit, MI 48228 in?
Per MLS# 20261036769, 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# 20261036769, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261036769, the most recent reported annual property tax for 8897 Hartwell Street, Detroit, MI 48228 is $2,267. 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 8897 Hartwell Street, Detroit, MI 48228 eligible for USDA financing?
Per USDA Rural Development boundary data, 8897 Hartwell Street, Detroit, MI 48228 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, 8897 Hartwell Street, Detroit, MI 48228 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.
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.
Map
Tax Estimate
$
Annual tax$1,354
Monthly$113
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$826
Principal & interest$713
Property taxes$113
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
8897 Hartwell Street, Detroit, MI 48228
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Neighborhood
Mackenzie
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Community
Detroit
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County
Wayne County
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