Turnkey Rental Properties for Sale in Michigan

14 active listings · Median price $122,500 · Average cap rate 7.1% · Price range $105,000 – $400,000

12 single family · 2 multi-family

There are currently 14 turnkey rental properties for sale in Michigan, with a median asking price of $122,500 and average cap rate across current listings is 7.1%. Every listing links to its original source so you can verify details and contact the seller directly.

• 
  5131 Elizabeth Lake Rd – Investment Home
  $399,900
  Waterford, MI 48327 · Single Family
  3.5% Cap Rate
• 
  13638 S Thorn Creek Dr # 5 – Investment Home
  $250,000
  Traverse City, MI 49684 · Single Family
  11.0% Gross Yield
• 
  Gruebner St – Turnkey Rental
  $117,000
  Detroit, MI 48234 · Single Family
  30% Potential ROI
• 
  Whitcomb St – Turnkey Rental
  $120,000
  Detroit, MI 48228 · Single Family
  28% Potential ROI
• 
  Greydale Avenue – Turnkey Rental
  $125,000
  Detroit, MI 48219 · Single Family
  32% Potential ROI
• 
  Buckingham – Turnkey Rental
  $117,500
  Detroit, MI 48224 · Single Family
  28% Potential ROI
• 
  Chapel St – Turnkey Rental
  $119,000
  Detroit, MI 48219 · Single Family
  29% Potential ROI
• 
  Sussex St – Belmont Brick Bungalow
  $155,000
  Detroit, MI 48227 · Single Family
  27% Potential ROI
• 
  Washburn St – Harmony Village Duplex
  $140,000
  Detroit, MI 48238 · Multi-family
  30% Potential ROI
• 
  Hull St – Detroit Turnkey Rental
  $140,000
  Detroit, MI 48203 · Single Family
  33% Potential ROI
• 
  Annott Street – Greensbriar Bungalow
  $105,000
  Detroit, MI 48205 · Single Family
  32% Potential ROI
• 
  Custer Street – 8-Unit Multi-Family
  $400,000
  Detroit, MI 48211 · Multi-family
  10% Cap Rate