6
See all 6 photos
$45,000
Est. payment /mo
3 Beds
1 Bath
904 SqFt
Active
16044 Fairmount Drive Detroit, MI 48205-1450
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Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 904 sqft
Price per Sqft $49
MLS Listing ID 70466790
Style 1 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 904
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
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 Detroit (82001)
Interior
Heating Forced Air
Exterior
Garage No
Building
Story 1 Story
Foundation Basement
Water Public Water
Structure Type Vinyl Siding
Schools
School District Detroit City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Arterra Luxe Collection LLC