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18040 Teppert Street, Detroit, MI 48234

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For Sale

$85,000

3 beds • 1 baths • 1 half baths • 1,096 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $77.55
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

TURNKEY RENTAL INVESTMENT | TENANT OCCUPIED | CASH FLOWING | RECENT EXTERIOR UPDATES 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.
MLS# 20251056609

Courtesy Of Tradewinds Development Group, LLC
145 S. Livernois, Rochester Hills, MI 48307
(248) 209-6755

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Bungalow
  • Heating System
    Forced Air
  • Lot Size
    0.1 Acres
  • Rooms
    Basement

Map and Directions

Directions to 18040 Teppert Street, Detroit, MI 48234

Home seller CENTURY 21 Curran & Oberski

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(313) 274-7200
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.