Home Details for 18040 Teppert Street

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.

• Heating Information

  • Forced Air
  • Natural Gas

• Cooling Information

  • None

• Water Features

  • Public

• Parking

  • Detached

• Basement

  • Unfinished