18040 Teppert ST Detroit, MI 48234
3 Beds
2 Baths
1,096 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,096 sqft
Price per Sqft $77
Subdivision Drennan & Seldons Lasalle College Park 5
MLS Listing ID 20251056609
Style Bungalow
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1949
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type SingleFamilyResidence
Property Description
INVESTMENT HIGHLIGHTS: Current rent of $1,135/month with reliable tenant in place since March 2024. Tenant maintains excellent payment history. Low-maintenance tenant requires minimal service requests. Recent exterior upgrade with new siding installed October 2025, enhancing curb appeal and reducing future maintenance costs. This is a true turnkey investment property.
PROPERTY FEATURES: Well-maintained 1,096 sqft bungalow built in 1949 featuring hardwood floors, formal dining room, built-ins throughout, full basement with washer/dryer hookups, and fenced backyard. Garage provides additional value. The home offers abundant natural light and functional layout perfect for long-term tenants.
PRIME LOCATION: Located in Detroit's Van Steuban neighborhood near Outer Drive and Greiner. Easy access to I-94 and Gratiot Avenue for downtown Detroit commute. Detroit Public Schools Community District serves the area with nearby schools including Brenda Scott Academy for Theatre Arts, Osborn High School, and Pulaski Elementary-Middle School. Nearby healthcare includes Southeast Michigan Surgical Hospital and St. John Providence Hospital. Shopping and dining along Gratiot corridor. Close to Mt. Olivet Cemetery and Coleman A. Young International Airport.
IDEAL FOR: Buy-and-hold investors seeking immediate cash flow | Out-of-state & country investors wanting turnkey management | 1031 exchange buyers | Portfolio builders | Investors seeking stabilized performing assets | Anyone wanting passive rental income without vacancy risk
FINANCIAL SNAPSHOT: $1,135/month rent × 12 months = $13,620 gross annual income. Blows 1% Rule out of the water | Recent exterior improvements completed (new siding Oct 2025). Property professionally managed. Tenant-occupied — do not disturb. Showings by appointment only with advance notice.
Priced at $85,000 for immediate acquisition.
Location
State MI
County Wayne
Area Area05054Det8Togratiothoustonto7
Rooms
Basement Unfinished
Interior
Heating ForcedAir, NaturalGas
Fireplace No
Exterior
Parking Features OneandHalfCarGarage, Detached
Garage Spaces 1.5
Pool None
View Y/N No
Garage true
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
