16044 Fairmount Drive
Detroit, MI 48205
904 sqft | 3 beds | 1 bath | 0.10 acres | #25020135
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
Property Details
- Property SubtypeSingle Family Residence
- Property TypePurchase
- MLS #25020135
- MLS #25020135
- School DistrictDetroit
- Original List Price$45,000
- Sewer InformationPublic
- Utility SourcePublic
- CountyWayne
- Cost45000
- BasementFull
- Year Built1942
- Acres0.1
- Square Feet904
- Bedrooms3
- Bathrooms1
- Full Baths1
- Stories1
- Days on Market (Cumulative)2
Location
Legal
© MichRIC. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: . Source: MichRIC
Listing Courtesy
Listing Agent: Kristina Khalifeh (#e427644)
Listing Office: Arterra Luxe Collection LLC (#oe431646)
Interested in Purchasing 16044 Fairmount Drive?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
