2597 W 8 Mile Rd, Detroit, MI

Name: 2597 W 8 Mile Rd, For Sale in Detroit - Zoocasa
Brand: Home Negotiators LLC
SKU: 20261058788
Price: 99000 USD

House

For Sale

Listed price in listed location currency (USD).

$99,000

322

MLS® 20261058788

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 2245 sqft

Garage Yes

Taxes $130

Days Active 1

Lot Size 0.09 Acres

Approx. Age 1938

Avg. Price Per Sqft $44

MLS® Number 20261058788

Property Address: 2597 W 8 Mile Rd, Detroit, MI, 48203-1070

Average square foot calculated using Size range provided by listing agent.

Description

Note that the ability to sell was held up by the probate court, but we are now ready to go. Outstanding buy-and-hold opportunity in one of Detroit’s most stable and appreciating rental pockets. This solid brick colonial offers investors a clear path to strong returns. the property features a new roof and other updates. Once an estimated $30, 000 in improvements, are completed, the property is positioned to qualify for top-tier Section 8 payment standards, delivering an estimated 14% annual return. The equity story is just as compelling. Recent sales in the immediate micro-market—including 2444 Woodstock, located directly behind the subject—support an after-repair value of $250, 000. The Woodstock comps demonstrate consistent buyer demand, strong retail values, and a neighborhood trajectory that continues to push upward. You'll get both high guaranteed rents and meaningful back-end appreciation, creating a rare dual-benefit hold. Whether you’re looking to lock in predictable Section 8 cash flow, execute a BRRR-style refinance, or simply add a high-performing Detroit asset to your portfolio, this property delivers on every front. Cash flow today, equity tomorrow — all in a ZIP code known for long-term stability.

MLS® Number20261058788

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1938

BasementUnfinished

DrivewayTwo Car Garage, Detached

Garage Spaces

HeatForced Air, Natural Gas

A/C

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $99,000 and $316,000.

Similar properties in this area sold on average for: $243,596

Expected to sell in 35 days. Similar properties sold in 36 days. This home has been on Zoocasa for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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