18988 Algonac St Detroit, MI 48234
Mount Olivet NeighborhoodEstimated payment $597/month
About This Home
WELCOME TO 18988 ALGONAC — A TURNKEY SECTION 8 INVESTMENT OPPORTUNITY LOCATED ON DETROIT’S EAST SIDE. THIS 3-BEDROOM, 1-BATHROOM HOME IS CURRENTLY LEASED TO A SECTION 8 TENANT AT $1,200 PER MONTH WITH A FRESH LEASE IN PLACE, PROVIDING IMMEDIATE CASH FLOW FROM DAY ONE. THE PROPERTY WAS FRESHLY RENOVATED IN 2026 AND OFFERS A LOW-MAINTENANCE INVESTMENT SETUP WITH THE TENANT RESPONSIBLE FOR ALL UTILITIES AND LAWN MAINTENANCE. STRONG RENTAL PERFORMANCE, RELIABLE GOVERNMENT-BACKED INCOME, AND A SOLID TENANT PLACEMENT MAKE THIS PROPERTY AN EXCELLENT ADDITION TO ANY INVESTOR’S PORTFOLIO. PROPERTY MAY BE PURCHASED INDIVIDUALLY OR AS A PACKAGE WITH 3423 BUCKINGHAM, WHICH IS CURRENTLY GENERATING $1,000 IN MONTHLY RENT. NO SHOWINGS WITHOUT AN ACCEPTED FULL PRICE OFFER.
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1952 | Remodeled in 2026
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 35x115
Parking
- Garage
Home Design
- 1,040 Sq Ft Home
- Brick Exterior Construction
- Poured Concrete
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Sewer in Street
Additional Features
- Basement
Community Details
- Konczal Park Subdivision
Listing and Financial Details
- Assessor Parcel Number W17I015650S
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $936 | $28,900 | $0 | $0 |
| 2024 | $941 | $25,200 | $0 | $0 |
| 2023 | $912 | $20,300 | $0 | $0 |
| 2022 | $992 | $17,200 | $0 | $0 |
| 2021 | $969 | $13,700 | $0 | $0 |
| 2020 | $959 | $12,000 | $0 | $0 |
| 2019 | $946 | $10,500 | $0 | $0 |
| 2018 | $816 | $10,200 | $0 | $0 |
| 2017 | $182 | $9,600 | $0 | $0 |
| 2016 | $1,068 | $13,800 | $0 | $0 |
| 2015 | $1,380 | $13,800 | $0 | $0 |
| 2013 | $1,853 | $19,118 | $0 | $0 |
| 2010 | -- | $28,030 | $725 | $27,305 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $95,000 | +771.6% | $91 / Sq Ft | |
| 12/05/2012 12/05/12 | Sold | $10,900 | 0.0% | $9 / Sq Ft | View Prior Sale |
| 11/15/2012 11/15/12 | Pending | -- | -- | -- | |
| 11/08/2012 11/08/12 | For Sale | $10,900 | -- | $9 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $8,200 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $57,153 | None Available |
Source: Realcomp
MLS Number: 20261031720
APN: 17-015650
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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