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$45,000

Est. payment - /mo

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3 Beds

1 Bath

904 SqFt

New

16044 Fairmount Drive Detroit, MI 48205

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Martina Bricio

martinabricio@epique.me +1(734) 644-5934

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 904 sqft

Price per Sqft $49

Municipality Detroit City

MLS Listing ID 25020135

Bedrooms 3

Full Baths 1

Year Built 1942

Annual Tax Amount $1,013

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 37.00X123.00

Property Sub-Type Single Family Residence

Property Description

Cash-Flowing Investment Property in Detroit - Tenant Occupied! Great opportunity for investors! Located on a quiet, residential street in the heart of Detroit, this tenant-occupied, cash-flowing property is a smart addition to any rental portfolio. Features: Long-term tenant in place for 14 years ,Excellent payment history - currently paying $770/month, Reliable monthly rental income from day one, Potential for value-add improvements to increase equity and returns.
With strong rental demand in the area and a stable tenant already in place, this home offers immediate income and long-term potential. Whether you're a seasoned investor or just starting out, this property is a solid pick for building wealth through real estate.
Prime Detroit location | Investor special | Turnkey opportunity

Location

State MI

County Wayne

Area Wayne County - 100

Direction E of 8 Mile to Redmond St

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace false

Laundry In Basement

Exterior

View Y/N No

Roof Type Asphalt

Garage No

Building

Story 1

Sewer Public

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

School District Detroit

Others

Tax ID 21025145.

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Arterra Luxe Collection LLC