18750 Kingsville Street

About this home

This beautifully renovated bungalow is truly turnkey — a great addition to any investor’s portfolio! Currently tenant-occupied at $1,250/month on a month-to-month Section 8 lease, this property provides immediate cash flow from day one with future upside potential through rent increases over time. The tenant is current on payments, takes pride in the home, and would love to remain for added stability. Professionally managed by a local property management company, buyers have the option to continue management for a seamless transition or self-manage the property. Conveniently located on Detroit’s east side with easy access to amenities and transportation, this is a solid income-producing opportunity in Detroit’s growing rental market. Subject to tenant’s rights. Please do not disturb tenants. No showings without an accepted offer. Photos were taken prior to tenant occupancy.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Harper Woods

Over the last 90 days, 52 homes sold in Harper Woods for a median of $169,000, about $114 per square foot, and the typical one went under contract in 21 days. This home is listed at $90,000, or $93 per square foot, 18% below the city median, and has been on the market 146 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Harper Woods sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $1,138 a year. A buyer who lives here would pay about $690 to $2,917 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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