14554 Grandmont Ave

Detroit, MI 48227
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5 bd, 3 ba | 2,908 sqft | Built in 1925

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List Price
$290,000

Initial Investment

$79,025

Purchase Price

$290,000

Down Payment

25%

Rent

$3,230

Total Return

$100,783

Annualized Return

19.5%

Cap Rate

7.6%

Gross Yield

13.4%

Cash Flow

$4,794

Appreciation

4.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,276

HOA

$0/mo

Flood Risk

Not Required

Discover the allure of this historical gem nestled in one of Detroit's most prestigious neighborhoods, the Grandmont Subdivision. As you walk through the solid wood door entrance, you're greeted by the stunning craftsmanship of natural hardwood features that set the tone for this exquisite five-bedroom, three-bathroom home. Step inside to find a thoughtfully designed first-floor primary suite, while the second floor boasts rooms spacious enough to serve as two additional primary suites. The recently remodeled hardwood floors and kitchen add a touch of contemporary elegance, complemented by the remodeled main primary bathroom. The enchanting front porch, adorned with brick pillars, provides a perfect setting for relaxing evenings in this beautiful neighborhood. The home's interior showcases wet plaster walls, extensive crown moldings, chair rails. Enjoy cozy gatherings around the two fireplaces located in the formal living room and lower level. The kitchen is a chef's dream, featuring stainless steel appliances, a large kitchen island, custom tile backsplash, and a farmhouse-style sink. The incredible woodworking throughout the home is highlighted by the staircase leading to the upper levels. A fully finished basement with glass block windows and a full bath provides additional living space, while the large fenced backyard offers privacy and room for outdoor activities. The property also includes a three-car detached garage. This home is perfect for those seeking to live in a prestigious Detroit neighborhood, offering both historical charm and modern comforts. Don't miss the opportunity to make this stunning residence your own! BATVAI

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$36,822

Expenses

-$8,162

Property Taxes

-$8,100

Loan Payments

-$15,766

Net Cash Flow

$4,794

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Susan Weis
EXP Realty Main
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealcomp II Ltd./Great Lakes Repository (GLR)
MLS #20250015342
Last Updated: 03/08/2025 15:03
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