18037 Pelkey Street, Detroit, MI 48205

• 5,364 sqft

Property Description

LOCATED 8 MINUTES FROM THE INFAMOUS EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18037 PELKEY NESTLED ON A 5,364 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 10 RECENTLY REMODELED 1 BED ROOM UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. 10 OF THE 10 UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE JUST UNDER $10,000 PER MONTH. THE TENANTS PAY ALL UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN OVER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Listing Status:

Active

Date Added:

October 16, 2025 at 05:00AM

Listing Office:

KW Domain : 248-590-0800

Listing Agent:

Lauryn Johnson : 248-207-2994

MLS ID:

60945867

Interior

• Appliances: Gas Water Heater
• Heating: BaseboardHot Water

Construction

• Roofing: Other-See Remarks
• General: BrickBasement

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• County: Wayne

Lot

• Zoning: W PELKEY S 40 FT 25 TROMBLEY PK SUB L40 P93 PLATSW C R 21/631 40 X 126

Utilities

• Water: Public

Financial

• Source: MiRealSource

This listing courtesy of Lauryn Johnson, KW Domain