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.
Sold for $85,000
Zillow last checked:
Listing updated:
Bought with:
William Reid, 6501413514
RE/MAX First
Source: Realcomp II,MLS#: 20261031720
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Sold | $85,000-10.5%$82/sqft |
Source:  Realcomp II #20261031720 Report a problem | ||
| 8/4/2026 | Pending sale | $95,000$91/sqft |
Source: Realcomp II #20261031720 Report a problem | ||
| 5/5/2026 | Listed for sale | $95,000+771.6%$91/sqft |
Source: Realcomp II #20261031720 Report a problem | ||
| 12/5/2012 | Sold | $10,900$10/sqft |
Source:  MiRealSource #31125999 Report a problem | ||
| 11/9/2012 | Listed for sale | $10,900-80.9%$10/sqft |
Source: Villa Residential Realty #31125999 Report a problem | ||
| 2/17/2012 | Sold | $57,153$55/sqft |
Source: Public Record Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$85,100
2% more
+$1,702
With Zillow Showcase(estimated)
$86,802
