EVERGREEN GARDENS SUB (PLATS) Homes with None Garage description

EVERGREEN GARDENS SUB (PLATS) Homes with None Garage description

Welcome to Evergreen Gardens Subdivision, a charming and vibrant community nestled in the heart of Detroit City, Wayne County, Michigan. This delightful neighborhood is perfect for those seeking a blend of suburban tranquility and urban convenience. Evergreen Gardens boasts an array of homes that reflect the rich architectural history of the area, with a focus on comfort and functionality.

One of the standout features of this subdivision is the variety of homes available, particularly those without garages. These residences offer a unique opportunity for homebuyers looking for low-maintenance living or those who appreciate the aesthetic of open space. The absence of garages allows for beautifully landscaped yards and gardens, creating a warm and inviting atmosphere that encourages outdoor gatherings and family activities.

Residents of Evergreen Gardens enjoy easy access to local amenities, including parks, schools, and shopping centers. The neighborhood is also well-connected to public transportation, making commuting to downtown Detroit a breeze. With its friendly community vibe and convenient location, Evergreen Gardens is an ideal place for families, young professionals, and retirees alike.

In addition to its appealing homes, Evergreen Gardens is surrounded by a wealth of recreational opportunities. From nearby parks perfect for picnics and playdates to cultural attractions that showcase Detroit's rich heritage, there's always something to explore.

If you're searching for a welcoming community with character and charm, look no further than Evergreen Gardens Subdivision. Your dream home awaits in this delightful Detroit enclave!

Newest EVERGREEN GARDENS SUB (PLATS) Homes with None Garage description

$175,000
3 Beds ⋅ 1 Baths ⋅ 20261040404 MLS ⋅ ACTIVE Status
Currently rented at $2,700/month through May 2027, this strong cash-flow property offers investors immediate income, lease stability, and a rare monthly rent figure at this price point. The property produces $32,400/year in gross scheduled rental income, creating an attractive 18.5% gross rent-to-price return and a strong 1.54% monthly rent-to-price ratio before expenses. For DSCR buyers, the rent roll is especially compelling as the current rental income provides strong debt-service coverage potential. Final DSCR will depend on interest rate, taxes, insurance, and lender guidelines, but the income profile is exactly what cash-flow investors look for. The existing lease through May 2027 gives the next owner a clear runway of income without needing to immediately place a tenant, market the property, or absorb vacancy risk. That lease stability is a major advantage for buy-and-hold investors who want predictable performance from day one. This is the type of asset that checks the right boxes: strong monthly rent, tenant already in place, attractive gross return, DSCR-friendly income, and a lease term that supports long-term planning. Whether you are expanding your portfolio or looking for a high-income rental with immediate performance, this property deserves a serious look. Please do not disturb the tenant. Showings to be arranged through the proper channels.

20201 Grandville Ave, Detroit

Courtesy of Keller Williams First 8105151503
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