MI > Detroit
Detroit, MI 48205-1450,16044 Fairmount Drive
Detroit, MI 48205-1450,16044 Fairmount Drive
Detroit, MI 48205-1450,16044 Fairmount Drive
Detroit, MI 48205-1450,16044 Fairmount Drive
Detroit, MI 48205-1450,16044 Fairmount Drive
Detroit, MI 48205-1450,16044 Fairmount Drive
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 45,000
Est. payment | /mo

3 Beds

1 Bath

904 SqFt

Save
$ 45,000
Est. payment | /mo
Save

3 Beds

1 Bath

904 SqFt

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Arterra Luxe Collection LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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16044 Fairmount Drive