16044 Fairmount Drive new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48205
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