Great investment opportunity! This single-family home is currently under renovation and offers strong upside potential for both investors and future homeowners.
The property features 3 bedrooms, 1 bathroom, and a garage, with recent improvements including:
* New roof
* New electrical wiring
* New plumbing
* Remodeled bathroom
* Fresh paint throughout the house, including the basement
Current price reflects the property in its renovation phase, with an estimated value of $119,000 by March 2026 when fully ready to occupy.
This home offers two rental strategies:
1. Regular tenant rental with estimated income of $1,250/month ($15,000/year – 15.3% annual return)
2. Section 8 rental with estimated income of $1,470/month ($17,640/year – 18% annual return)
Excellent opportunity for long-term appreciation and cash flow.
Property address: 8803 American St, Detroit, MI
Available: NOW
Perfect for investors looking for a buy-and-hold property with strong rental potential.
Disclaimer: All rental income and appreciation projections are estimates only and not guaranteed. Buyer to verify all information independently.
Please call or text for more information.
If I am unable to answer the phone, kindly send a text message or email and I will respond as soon as possible.
?? Phone: 689-265-9593
?? Email: nataly@miteglobalus.com
Sold for $18,000
$18,000
8803 American St, Detroit, MI 48204
3beds
1,020sqft
SingleFamily
Built in 1924
3,484 Square Feet Lot
$-- Zestimate®
$18/sqft
$1,304 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,304/mo
Zestimate® history
Owner options
List your home for rent
$1,304/mo
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$1,304/mo
Rent Zestimate®
Refinance and save
$104/mo
Est. payment
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$104/mo
Est. payment
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List your homeWhat's special
Remodeled bathroomNew electrical wiringNew roofNew plumbing
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced air
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 1,020 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
Features
- Exterior features: Wood
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 16024395
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1924
Community & HOA
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $18/sqft
- Tax assessed value: $10,200
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/22/2026 | Listed for sale | $98,000+444.4%$96/sqft |
Source: Owner Report a problem | ||
| 12/23/2025 | Sold | $18,000+1284.6%$18/sqft |
Source: Public Record Report a problem | ||
| 9/30/1994 | Sold | $1,300$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $10,200 +24.4% |
| 2024 | -- | $8,200 +18.8% |
| 2023 | -- | $6,900 +25.5% |
| 2022 | -- | $5,500 +5.8% |
| 2021 | -- | $5,200 |
| 2020 | $877 +42.5% | $5,200 +3.2% |
| 2019 | $616 | $5,040 |
| 2018 | $616 | -- |
| 2017 | -- | -- |
| 2016 | $788 | -- |
| 2015 | $788 +6.2% | $7,600 -28% |
| 2013 | $742 -5.8% | $10,551 -30.2% |
| 2010 | $788 | $15,118 -12% |
| 2009 | -- | $17,180 -10.5% |
| 2008 | -- | $19,195 |
| 2007 | -- | $19,195 +5.5% |
| 2005 | $74 | $18,194 +3% |
| 2004 | -- | $17,664 |
Find assessor info on the county website
Neighborhood: Midwest
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Nearby schools
GreatSchools rating
- 4/10Sampsonwebber Leadership AcademyGrades: PK-8Distance: 1.4 mi
- 4/10Northwestern High SchoolGrades: 9-12Distance: 2.1 mi
- Michigan
- Wayne County
- Detroit
- 48204
- Midwest
- 8803 American St